U.S. stocks were poised to open lower on Friday after closing near record highs yesterday following a promising wholesale inflation report and an executive order from President Trump that stopped short of imposing additional tariffs.

Stocks didn't make big moves on the retail sales report this morning. The Dow was down 0.2%, while the S&P 500 fell 0.1% and the Nasdaq was down 0.1%. The January retail sales report revealed a downside surprise,

U.S. stock futures continued to point toward a lower open on Friday after a report on January retail sales came in weaker than economists had expected. Sales shrank by 0.9% compared with the prior year,