Janet H. Cho
U.S. stocks are poised to open slightly lower on Monday, as investors prepared for another round of earnings reports from retailers and tech companies.
On Sunday night, Dow Jones Industrial Average futures lost 92 points, or 0.3%, while the S&P 500 futures fell 0.4%, and Nasdaq Composite futures slipped 0.6%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 1.3%, to $89.62 a barrel. Brent crude, the international standard, dipped 1.1%, to $95.64 a barrel.
This week's earnings include: Nordson, Palo Alto Networks, and Zoom Video Communications on Monday; Advance Auto Parts, Dick's Sporting Goods, Intuit, J.M. Smucker, Macy's, Medtronic, Nordstrom, Nvidia, Toll Brothers, and Urban Outfitters on Tuesday; Autodesk, NetApp, Petco Health & Wellness, Salesforce, Snowflake, Victoria's Secret, and Williams-Sonoma on Wednesday; Burlington Stores, Dell Technologies, Dollar General, Dollar Tree, Gap, Marvell Technology, Peloton Interactive, Ulta Beauty, VMware, and Workday on Thursday.
In economic events, on Monday, the Federal Reserve Bank of Chicago releases its National Activity Index for July. On Tuesday, the Census Bureau reports new residential sales data for July, and S&P Global releases its Manufacturing and Services Purchasing Managers' indexes for August.
On Wednesday, the Census Bureau will release the durable-goods report for July. On Thursday, the Federal Reserve Bank of Kansas City begins hosting its three-day 2022 Economic Policy Symposium in Jackson Hole, Wyo., and the Bureau of Economic Analysis reports its second estimate of gross domestic product growth.
On Friday, the Bureau of Economic Analysis reports personal income and spending figures for July, and Federal Reserve Chairman Jerome Powell is scheduled to speak at 10 a.m. Eastern from Jackson Hole.
Write to Janet H. Cho at janet.cho@dowjones.com
$(END)$ Dow Jones Newswires
August 21, 2022 18:50 ET (22:50 GMT)
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