U.S. Stocks Poised to Open Higher on Monday
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U.S. stocks are set to open higher on Monday.
On Sunday night, Dow Jones Industrial Average futures gained 82 points, up 0.3%, while the S&P 500 futures gained 0.4%, and Nasdaq Composite futures rose 0.7%.
Crude oil futures (West Texas Intermediate) rose 0.6%, to $111.23 a barrel after closing up on Friday at $110.18 a barrel. Gasoline on Sunday notched a new high of $4.474 a gallon, according to GasBuddy.
This week’s earnings include: Take-Two Interactive Software and Tower Semiconductor on Monday; Agilysis, Home Depot, JD.com, Keysight Technologies, and Walmart on Tuesday; Analog Devices, Bath & Body Works, Cisco Systems, Lowe’s, Synopsys, Target, and TJX on Wednesday; Applied Materials, BJ’s Wholesale Club, Kohl’s, Palo Alto Networks, Ross Stores, and VF Corp. on Thursday; and Deere and Foot Locker on Friday.
Economic data highlights this week include: On Monday, the Federal Reserve Bank of New York releases the Empire State Manufacturing Survey for May. On Tuesday, the Census Bureau releases April retail sales data, and the National Association of Home Builders reports its Housing Market Index for May. On Wednesday, the Census Bureau reports new residential construction data for April. On Thursday, the Conference Board reports its Leading Economic Index for April, and the National Association of Realtors releases existing-home sales for April.
Write to Janet H. Cho at [email protected]
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