S&P futures vs fair value: -9.9. Nasdaq futures vs fair value: -16.2.

Futures dip following the slightly weaker than expected retail sales numbers. Total August sales were up 0.3%, below an expected 0.5% gain, but the July increase was revised upward 0.2% to a 0.5% gain. Lower gas prices also led to a decline in that category, which is not such a bad thing. Overall consumer spending remains on track and the impact should be limited.