Stocks quoted in this article:
Retail Sales numbers for January surprised the Street by coming in above consensus at 0.7 percent. Autos weighed down the figure as the ex-auto number was 0.8 percent. Analysts had been expecting the numbers to come in at 0.5 percent and plus 0.4 percent, respectively.
The December number remained unrevised at plus 0.1 percent.
This marks the sharpest advance in retail sales since last September and could be indicative of increased consumer confidence. However, one report does not construe a trend.
Both the Nasdaq and the S&P 500 March futures contracts spiked upward on the release, while the March 30-year bond future, which initially dropped, has since rebounded.