Stocks are poised to open lower in New York on Monday, ahead of the Federal Reserve’s monetary policy decision on Wednesday, the jobs report for January, and a busy week of corporate earnings reports highlighted by big tech companies.
At 6:16 p.m. ET on Sunday, Dow Jones Industrial Average futures lost 85 points, or 0.2%; the S&P 500 futures lost 0.2%; and Nasdaq Composite futures fell 0.3%.
About 100 S&P 500 companies are scheduled to report earnings this week, including Alexandria Real Estate Equities, Cleveland-Cliffs, Franklin Resources, Nucor, and Whirlpool on Monday.
Advanced Micro Devices, Alphabet, Danaher, Electronic Arts, General Motors, HCA Healthcare, JetBlue Airways, Johnson Controls International, Marathon Petroleum, Match Group, Microsoft, Mondelez International, MSCI, Pfizer, Starbucks, Stryker, Sysco, and United Parcel Service report earnings on Tuesday.
Automatic Data Processing, Avery Dennison, Boeing, Boston Scientific, Cencora, Corteva, GSK, Hess, Mastercard, MetLife, Nasdaq, Novartis, Novo Nordisk, Old Dominion Freight Line, Otis Worldwide, Phillips 66, Qualcomm, Rockwell Automation, Roper Technologies, and Thermo Fisher Scientific all report on Wednesday.
Altria Group, Amazon.com, Apple, Atlassian, Becton Dickinson, Cardinal Health, Clorox, Eaton, Honeywell International, International Paper, Merck, Meta Platforms, Microchip Technology, Parker-Hannifin, Royal Caribbean Group, Sanofi, Shell, Tractor Supply, and Trane Technologies report earnings on Thursday.
AbbVie, Aon, Bristol Myers Squibb, Cboe Global Markets, Charter Communications, Chevron, Cigna, Exxon Mobil, LyondellBasell Industries, Regeneron Pharmaceuticals, and W.W. Grainger report results on Friday.
This week’s notable economic events include Tuesday’s report from the Bureau of Labor Statistics on the Job Openings and Labor Turnover Survey for December. S&P CoreLogic will release its Case-Shiller National Home Price Index for November, and the Conference Board will release its Consumer Confidence Index for January.
On Wednesday, the Federal Open Market Committee will announce its monetary policy decision, followed by a press conference with Fed Chairman Jerome Powell. Also Wednesday, ADP will release its National Employment Report for January.
On Thursday, the Institute for Supply Management will release its Manufacturing Purchasing Managers’ Index for January, and the Labor Department will release initial unemployment benefits claims for the week ended Jan. 27.
On Friday, the Bureau of Labor Statistics will release the January jobs report, including nonfarm payrolls and the unemployment rate.
Write to Janet H. Cho at [email protected]
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