Stocks Poised for Lower Open
Stocks are poised to open lower in New York on Monday as investors await a key inflation reading later in the week and ahead of earnings reports from major retailers.
At 6:22 p.m. ET Sunday, Dow Jones Industrial Average futures lost 24 points, or less than 0.1%; the S&P 500 futures slipped 0.1%; and Nasdaq Composite futures dipped 0.1%.
Notable earnings this week include Bridgestone Corp., Precision Biosciences, and Tencent Music Entertainment on Monday; Alibaba Group Holding, Home Depot, and Sony Group on Tuesday; Cisco Systems and JD.com on Wednesday; Applied Materials, Copart, Deere & Co., Flowers Foods, Take-Two Interactive Software, Under Armour, and Walmart on Thursday.
This week’s notable economic events include Monday’s release of the Federal Reserve Bank of New York’s Survey of Consumer Expectations for April.
On Tuesday, the National Federation of Independent Business will release its Small Business Optimism Index for April, and the Bureau of Labor Statistics will release the producer price index for April.
On Wednesday, the Bureau of Labor Statistics will report the consumer price index for April; the National Association of Home Builders will release its Housing Market Index for May; and the Census Bureau will release retail and food-services sales data for April.
On Thursday, the Census Bureau will report new residential construction statistics for April. On Friday, the Conference Board will release its Leading Economic Index for April.
Write to Janet H. Cho at [email protected]