U.S. stocks are poised for a mixed open on Monday, ahead of the beginning of first-quarter earnings season.
At 6:24 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures gained 52 points, or 0.1%, while the S&P 500 futures gained 0.2%, and Nasdaq Composite futures rose 0.1%.
Crude oil futures (West Texas Intermediate, the U.S. standard) gained 0.3% to $80.94 a barrel. Brent crude, the international standard, gained 0.3% to $85.42 a barrel.
This week’s notable earnings include: Tilray on Monday; Albertsons and CarMax on Tuesday; Rent the Runway on Wednesday; Delta Air Lines and Fastenal on Thursday; and BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services Group, UnitedHealth Group, and Wells Fargo on Friday.
This week’s notable economic events include: On Tuesday, the National Federation of Independent Business will release its Small Business Optimism Index for March.
On Wednesday, the Bureau of Labor Statistics will release the consumer price index and core CPI for March. Expectations are for the CPI to have risen 5.2%, from the same time last year, after increasing 6% in February. Core CPI excluding volatile food and energy prices is expected to edge up to 5.6%, from 5.5%.
Also Wednesday, the Federal Open Market Committee will release the minutes from its monetary-policy meeting in late March, at which central bank officials increased the federal-funds rate by a quarter of a percentage point. March’s solid jobs report raises the odds that the Federal Reserve will raise interest rates one more time this cycle, at the FOMC meeting May 2-3.
On Thursday, the BLS will release the producer price index and core PPI for March. On Friday, the Census Bureau will report retail sales data for March, and the University of Michigan will release its Consumer Sentiment Index for April.
Write to Janet H. Cho at [email protected]
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