Stocks are poised to open lower in New York on Monday as investors prepare for this week’s release of the first big inflation report of the year.
At 6:15 p.m. ET Sunday, Dow Jones Industrial Average futures lost 38 points, or 0.1%; the S&P 500 futures lost 0.1%; and Nasdaq Composite futures lost 0.1%.
More than 60 S&P 500 companies report earnings this week, including Arista Networks, Avis Budget Group, Cadence Design Systems, Goodyear Tire & Rubber, Principal Financial Group, and Waste Management on Monday.
Airbnb, American International Group, Biogen, Coca-Cola, DaVita, Ecolab, EQT, Hasbro, Howmet Aerospace, Krispy Kreme, Marriott International, MGM Resorts International, Molson Coors Beverage, Moody’s, Restaurant Brands International, Shopify, Waste Connections, Welltower, WK Kellogg, and Zoetis report earnings on Tuesday.
Albemarle, CF Industries, Cisco Systems, CME Group, Energy Transfer, Equinix, Generac Holdings, Global Payments, Kraft Heinz, Martin Marietta Materials, Occidental Petroleum, Sony Group, Tyler Technologies, and Williams Cos. all report on Wednesday;
Airbus, Applied Materials, CBRE Group, Consolidated Edison, Coinbase Global, Deere, Digital Realty Trust, DoorDash, DraftKings, EPAM Systems, Genuine Parts, Ingersoll Rand, Southern Co., and Stellantis report earnings on Thursday.
Cinemark Holdings, NatWest Group, PPL Corp., and Vulcan Materials report on Friday.
This week’s notable economic events include Monday’s Survey of Consumer Expectations, set to be released by the Federal Reserve Bank of New York.
On Tuesday, the Bureau of Labor Statistics will release the consumer price index for January, and the National Federation of Independent Business releases its Small Business Optimism Index for January.
On Thursday, the Census Bureau will report retail sales data for January; the Labor Department will release initial unemployment benefits claims for the week ended Feb. 10; and the National Association of Home Builders will release its Housing Market Index for February.
On Friday, the BLS will report the January producer price index and core PPI, and the University of Michigan will release its Consumer Sentiment Survey for February.
Write to Janet H. Cho at [email protected]
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