U.S. stocks are poised for a muted opening on Monday, ahead of another busy week of earnings and the Federal Open Market Committee’s monetary-policy decision on Wednesday.
At 6:14 p.m. Eastern Time on Sunday, Dow Jones Industrial Average futures were flat, while the S&P 500 futures lost 0.04%, and Nasdaq Composite futures lost 0.1%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.2% to $76.63 a barrel. Brent crude, the international standard, fell 0.2% to $80.16 a barrel.
More than 160 S&P 500 companies report earnings this week, including: MGM Resorts International, Norwegian Cruise Line Holdings, NXP Semiconductors, SBA Communications, and Stryker on Monday; and Advanced Micro Devices, Cummins, DuPont, Eaton, Ecolab, Ford Motor, Marathon Petroleum, Marriott International, Pfizer, Simon Property Group, Starbucks, and Uber Technologies on Tuesday.
CVS Health, Estée Lauder, Kraft Heinz, Phillips 66, Qualcomm, Yum! Brands and Zillow Group report earnings on Wednesday; Anheuser-Busch InBev, Apple, Booking Holdings, ConocoPhillips, Expedia Group, Kellogg, Lyft, Moderna, Regeneron Pharmaceuticals, and Shopify report on Thursday; and Cigna, Dominion Energy, Johnson Controls International, and Warner Bros. Discovery report on Friday.
This week’s notable economic highlights include: On Monday, the Institute for Supply Management will release the Manufacturing Purchasing Managers’ Index for April. On Tuesday, the Bureau of Labor Statistics will report the Job Openings And Labor Turnover Survey for March.
On Wednesday, the Institute for Supply Management will report the Services Purchasing Managers’ Index for April; ADP will release its National Employment Report for April; and the Federal Open Market Committee will announce its monetary-policy decision.
On Thursday, the European Central Bank will announce its monetary-policy decision. On Friday, the BLS releases the jobs report for April.
Write to Janet H. Cho at [email protected]
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