Stock futures pointed lower Monday ahead of a week filled with economic data, including the personal consumption expenditures price index, the Federal Reserve's preferred inflation measure.
These stocks were poised to make moves Monday:
Federal Aviation Administration officials recently have become concerned by a high rate of safety problems at United Airlines in recent weeks and are stepping up scrutiny of the carrier, The Wall Street Journal reported, citing people familiar with the matter. Sasha Johnson, United's vice president of corporate safety, said in a memo seen by the Journal that "the number of safety-related events in recent weeks have rightfully caused us to pause and evaluate whether there is anything we can and should do differently." United shares were down 1.7% in premarket trading.
Intel was falling 2.5% and Advanced Micro Devices declined 2.2% following a report from the Financial Times that said China has begun implementing guidelines that will have microprocessors made by the chip makers phased out of government PCs and servers. The guidance, issued Dec. 26 with little fanfare, also will affect Microsoft's Windows operating system and foreign-made database software as China favors domestic options, the report said. Microsoft slipped 0.5%.
Masimo, the medical technology company, said it would separate its consumer business. The separation will include Masimo's consumer audio and consumer health products. It sees the move improving the profitability of its healthcare business. Separately, the Journal reported that activist investor Politan Capital Management, which holds two seats on the board of Masimo, i s planning a proxy fight for two more. Masimo shares jumped 14% in after-hours trading Friday.
Earnings reports are expected this week from Walgreens Boots Alliance, Carnival, McCormick & Co., GameStop, Progress Software, Cintas, Paychex, and Jefferies Financial.
