US stocks are poised for a slightly lower open on Monday, ahead of Tuesday’s January consumer price index report.
At 6:16 pm Eastern on Sunday, the Dow Jones Industrial Average futures were down 32 points, or 0.1%, while the S&P 500 futures were down 0.1% and the Nasdaq Composite futures were down 0.2%.
Crude oil futures (West Texas Intermediate, the US 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 reported earnings Wednesday.
Applied Materials, Constellation Energy, Digital Realty Trust, DoorDash, Hasbro, Laboratory Corp of America, Paramount Global and Southern Co. report earnings Thursday; and Deere reports on Friday.
Notable economic events this week include: On Tuesday, the Bureau of Labor Statistics will report its Consumer Price Index for January and the National Federation of Independent Business will release its Small Business Optimism Index for January.
On Wednesday, the Census Bureau reports January retail sales, including spending in 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 data that measures output from factories, mines and utilities.
The BLS will report its producer price index for January on Thursday; Census Bureau reports new residential construction and building permits for January; and the Department of Labor reports the number of jobless claims by workers in the week ending Feb. 11.
On Friday, the Conference Board releases its Leading Economic Index for January.
Email Janet H. Cho at [email protected]