Futures up as US earnings season ramps up

NEW YORK (AP) — Stock futures are rising as the corporate earnings season kicks into high gear, starting with Citigroup before the opening bell.

Markets are also anticipating a strong retail sales report from the Commerce Department on Monday.

Dow Jones industrial futures are up 28 points to 15,397. S&P futures have added 3 points to 1,673.30. Nasdaq futures are up 7 points to 3,069.

Economists believe that retail sales rose 0.7 percent last month compared with May. The report is the first peak each month at the mood of consumers, who have proven surprisingly resilient given higher taxes and a stubbornly high unemployment rate.

Earnings reports on tap this week include Coca-Cola, Goldman Sachs, Johnson & Johnson, Bank of America, Google and Microsoft. General Electric caps off the week on Friday.

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