U.S. stocks are poised for a slightly lower open on Monday, ahead of numerous retail and technology earnings, and a key inflation report later in the week.
The Bureau of Economic Analysis will release the personal-consumption expenditures index—a measure closely followed by the Federal Reserve—on Thursday.
At 6:17 p.m. ET on Sunday, Dow Jones Industrial Average futures fell 30 points, or less than 0.1%; the S&P 500 futures lost 0.1%; and Nasdaq Composite futures dipped 0.1%.
Notable earnings this week include Domino’s Pizza, Freshpet, Hims & Hers Health, ONEOK, Li Auto, Trex, Unity Software, Workday, and Zoom Video Communications on Monday.
American Tower, AutoZone, Beyond Meat, Boston Beer, Cava Group, Constellation Energy, Devon Energy, eBay, First Solar, iRobot, J.M. Smucker, Lowe’s, Macy’s, Monster Beverage, Norwegian Cruise Line, Portillo’s, Redfin, Ross Stores, and Urban Outfitters all report on Tuesday.
Advance Auto Parts, AMC Entertainment, Baidu, C3.ai, Duolingo, Hewlett Packard Enterprise, HP Inc., Liberty Media, Novavax, Okta, Paramount Global, Pure Storage, Salesforce, Snowflake, TJX Cos., Warby Parker, and WW International report on Wednesday.
Anheuser-Busch InBev, Autodesk, Bath & Body Works, Best Buy, Dell Technologies, NetApp, NetEase, Papa John’s International, Polestar Automotive, Six Flags Entertainment, SoundHound AI, Sweetgreen, Toronto Dominion Bank, UTZ Brands, and Zscaler report earnings on Thursday; and FuboTV and Plug Power report on Friday.
In addition, Amazon.com will replace Walgreens Boots Alliance as one of the 30 member stocks of the Dow Jones Industrial Average before the start of trading on Monday.
Also Monday, the Census Bureau will report sales data for new single-family homes in January.
On Tuesday, S&P CoreLogic will release its Case-Shiller Home Price Indices for 20 major metropolitan areas for December.
On Wednesday, the Bureau of Economic Analysis will release its second of three estimates of fourth-quarter gross domestic product.
On Thursday, the Bureau of Economic Analysis’ personal-consumption expenditures index for January. The core measure, excluding volatile energy and food prices, is the Federal Reserve’s preferred inflation measure as they consider when to start cutting rates. – Market Watch
