U.S. stocks are poised for a slightly lower open on Monday, ahead of January’s consumer price index report on Tuesday.
At 6:16 p.m. Eastern on Sunday, Dow Jones Industrial Average futures lost 32 points, or 0.1%, while the S&P 500 futures lost 0.1%, and Nasdaq Composite futures lost 0.2%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.2% to $79.52 a barrel. Brent crude, the international standard, fell 0.3% to $86.12 a barrel.
About 60 S&P 500 companies report earnings this week, including: Arista Networks, Cadence Design Systems, and SolarEdge Technologies on Monday; and Airbnb, Coca-Cola, Devon Energy, Ecolab, Exelon, GlobalFoundries, Marriott International, Restaurant Brands International, and Zoetis on Tuesday.
Albemarle, American International Group, Analog Devices, Barrick Gold, Biogen, Cisco Systems, Energy Transfer, Equinix, Fidelity National Information Services, Kraft Heinz, Martin Marietta Materials, Shopify, and Synopsys report earnings on Wednesday.
Applied Materials, Constellation Energy, Digital Realty Trust, DoorDash, Hasbro, Laboratory Corp of America, Paramount Global, and Southern Co. report earnings on Thursday; and Deere reports on Friday.
This week’s notable economic events include: On Tuesday, the Bureau of Labor Statistics will report the consumer price index for January, and the National Federation of Independent Business will release the Small Business Optimism Index for January.
On Wednesday, the Census Bureau reports retail sales for January, including spending at stores, online, and at restaurants; the National Association of Home Builders releases its Housing Market Index for February; and the Federal Reserve releases January industrial-production figures measuring the output of factories, mining, and utilities.
On Thursday, the BLS will report the producer price index for January; the Census Bureau reports new residential construction and building permits for January; and the Labor Department reports the number of worker filings for unemployment benefits in the week ended Feb. 11.
On Friday, the Conference Board releases its Leading Economic Index for January.
Write to Janet H. Cho at [email protected]
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