Stock futures extended losses Tuesday,

Stock futures extended losses Tuesday, after a flurry of economic data offered a mixed picture of the U.S. economy a day ahead of the Federal Open Market Committee’s decision on interest rates.

Continued pressure on oil prices pulled down the shares of energy companies, weighing on the main benchmarks.

Dow Jones Industrial Average futures YMM6, -0.42% fell 88 points, or 0.5%, to 17,040, while S&P 500 index futures ESM6, -0.50% lost 12 points, or 0.6%, to 1,998. Nasdaq-100 futures NQM6, -0.28% fell 17 points, or 0.4%, to 4,340.

Sales at U.S. retailers dipped in February and January turned out to be an even poorer month than initially estimated, new government figures showed on Tuesday. And U.S. wholesale prices fell 0.2% in February to mark the fifth decline in seven months, largely because of lower gasoline and food prices.

But a reading of New York-area manufacturing conditions improved markedly in March, a sign that the factory sector could be stabilizing after months of weakness.

Meanwhile, a rout in oil futures continued on Tuesday, with the U.S. crude benchmark falling 2.4% to trade near $36 a barrel. The decline weighed on the stocks of energy companies, such as Chesapeake Energy Corporation CHK, -6.81% down 4%, Marathon Oil Corporation MRO, -0.63% down 2.7%, and Murphy Oil Corporation MUR, +0.13% down 3.9%.

In Europe, oil companies led the Stoxx Europe 600 index SXXP, -1.18% down 0.6%.

Also read: Buy these stocks if you are bearish on oil, Goldman Sachs says

The Dow industrials DJIA, +0.09% logged a new closing high for 2016 on Monday. But the S&P 500 index SPX, -0.13% finished slightly lower, as energy stocks tracked a sharp slump in oil prices.

In Asia, Chinese stocks rose modestly, but the Nikkei 225 index NIK, -0.68% lost 0.7%. The Bank of Japan left its monetary policy unchanged, but cut its economic view and paid more lip service to overseas problems, such as European debt and U.S. economic issues. For some analysts, the door is now open to more easing by Japan.