U.S. stock futures fall after drop in retail sales

NEW YORK, July 14 (Reuters) U.S. stock futures fell on Friday after a government report showed retail sales unexpectedly dropped in June, the first decline since February.

The Commerce Department said sales shrank 0.1 percent last month.

Wall Street analysts had expected a 0.4 percent rise. For details, see ID:nN14365045 Standard&Poor's 500 futures were down 0.2 point, but still above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.

Dow Jones industrial average futures were down 11 points, and Nasdaq 100 futures were down 0.5 point.

REUTERS DKS PM1823