us stock futures moved higher on friday as investors awaited data including retail sales and the university of michigan sentiment survey as well as earnings from citigroup inc and wells fargo  co on thursday stocks ended down but off session lows the sp 500 spx shed 03 to close at 379038 its fifth day in the red and longest losing streak in a month the dow industrials djia fell 14262 points or 05 to finish at 3063017 clawing back a loss of 600 points earlier the nasdaq composite comp rose less than 01 to 1125119 investors are waiting on june retail sales data expected to rise 09 after a 03 drop in the previous month as well as import prices and the empire state manufacturing index all due at 830 am eastern time industrial production will be released at 915 am eastern followed by the university of michigan consumer sentiment index and 5year inflation expectations at 10 am eastern federal reserve chairman jerome powell has shown keen interest in the latter stocks pulled back from deeper losses on thursday after federal reserve gov christopher waller and st louis fed president james bullard both voiced support for 75 basis point hikes that’s as markets have sold off over concerns that a 100 basis point hike was likely at the july 2627 meeting following this week’s data that showed the strongest jump in consumer prices in four decades retail sales could be key for stock market direction say some “higher retail sales will put the 10 hike front and center again and i would expect we will see another rerun of the early wall street price action of yesterday ie sell everything buy dollars” said jeffrey halley senior market analyst at oanda in a note to clients and more earnings news is on the way following thursday’s disappointing results from jpmorgan jpm and morgan stanley ms  citigroup c  wells fargo wfc and unitedhealth unh are all expected to report ahead of friday’s open elsewhere oil prices cl1 were modestly higher and the dollar dxy was steady while copper hg00 and other industrial metals were also under pressure china reported the economy grew just 04 annually in the second quarter as beijing’s stringent covid19 lockdowns have taken a toll on economic activity economists polled by the wall street journal expected a rise of 09 the economy contracted 26 in the april to june period from the prior quarter marking the first quarterly contraction since the first quarter of 2020