Last updated February 12th, 2009 6:59 AM ET---U.S. stock futures are trading lower ahead of what is expected to be severely disappointing January retail sales figures. At 8:30 a.m. the Commerce Department will release its January reading on retail sales, which analysts estimate will show a decline of 0.8%, making it the seventh consecutive decline. Also due out at 8:30 is the Labor Departments reading on weekly jobless claims anticipated to come in with a reading of 610,000. At 10:00 a.m., the December reading for business inventories, expected to decline 0.8%, from Novembers 0.7% decline. Quarterly results due out today include those from companies like Viacom (NYSE:VIA), Marriott International (NYSE:MAR), Aetna (NYSE:AET), McAfee (NYSE:MFE), Och-Ziff Capital Management Corp (NYSE:OZM), the Coca-Cola Company (NYSE:KO) and Waste Management (NYSE:WMI). Rio Tinto (NYSE:RTP) and Aluminum Corp. of China (NYSE:ACH) came to terms over a deal that will give Rio Tinto $19.5 billion, in return Aluminum Corp. of China will receive an increased stake as well as stakes in prime assets. At the time of this report, S&P futures are down 7.64 vs. fair value, Nasdaq futures are down 11.60 vs. fair value and Dow futures are up 73.53 vs. fair value.

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