Stock futures held lower on Friday even after better-than-expected numbers on U.S. retail sales and consumer prices.

S&P 500 futures were down 0.16%, Dow Jones Industrial Average futures fell 0.11%, and Nasdaq futures slid 0.1%.

Retail sales rose at a healthy pace in April, a promising sign that recent strength in consumer confidence had begun to translate to spending. U.S. retail sales increased 0.4%, slightly weaker than an expected increase of 0.5%. Sales were up 4.5% compared to a year earlier. March's monthly decline of 0.2% was revised to show a 0.1% increase. 

Consumer prices rose in April, rebounding from weakness seen a month earlier. The Consumer Price Index rose 0.2%, driven by increases in energy costs. The CPI had fallen 0.3% in March. Energy prices increased 1.1% in April. Excluding food and energy, core prices rose 0.1%. 

Nordstrom (JWN - Get Report) fell 4% in premarket trading despite better-than-expected first-quarter profit. Same-store sales, however, came in below analysts' projections.

Net income of 31 cents a share beat estimates by 4 cents. Revenue rose 3.1% to $3.35 billion, edging past consensus by $10 million. Comparable-store sales fell 0.8%, more than analysts' forecasts of a decline of 0.1%.

J.C. Penney (JCP - Get Report) tumbled more than 5% before the bell after falling short of sales estimates. Revenue declined to $2.7 billion from $2.8 billion, missing analysts' estimates for a flat reading. Same-store sales declined by 3.5%, far steeper than an anticipated decline of 0.7%. The department store chain anticipates full-year same store-sales to come in 1% lower to 1% higher. 

Sprint ( S - Get Report) and T-Mobile ( TMUS - Get Report) rose in premarket trading on reports the two have begun initial merger talks. A government spectrum auction has stifled deal talks in the telecom sector for nearly a year -- participants were required to refrain from merger discussions until late April. 

The Nasdaq broke its four-day record-making streak on Thursday as a disappointing quarterly performance from Snap  (SNAP - Get Report) pulled tech names lower. The S&P 500 and the Nasdaq both narrowly set new record closes on Wednesday as volatility held at its lowest level in more than two decades. 

Cocktails & Cramer

Join Jim Cramer on May 23 for an exclusive party at Bar San Miguel, his Brooklyn tavern. You'll get to watch a screening of Mad Money, after which Jim will arrive fresh off of the CNBC set to mingle, pose for photos and answer your investing questions. Participants will enjoy dinner, drinks, an autographed copy of Jim's book Get Rich Carefully and a one-year membership to Action Alerts PLUS, Jim's club for investors. (Current AAP members will receive one extra year of membership for free.)
When: Tuesday, May 23, 6 p.m.-9 p.m. EDT
Where: Bar San Miguel, 307 Smith St., Brooklyn, N.Y.
Cost: $375 per person
Space is very limited, so click here to reserve your ticket to this exclusive event today.