Traders taking cover for a big shift in market mood

Futures on the Dow YMM5, -0.37% and the S&P ESM5, -0.39% are giving back a small chunk of the recent gains, while crude CLN5, -1.17% is back below $60 a barrel, and not helped by a stronger dollar EURUSD, -0.2487% which itself is well up against the euro over by Greece concerns.

Retails sales was this week’s must-watch report but there are still a couple numbers to examine this morning. First up, at 8:30 a.m. Eastern, the producer price index for May is due out. At 10:00 a.m., we’ll get the preliminary University of Michigan’s consumer sentiment figure for June.