More than one dozen S&P 500 companies report earnings this week.
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U.S. stocks are poised for a lower open on Monday. On Sunday night, Dow Jones Industrial Average futures lost 31 points, or 0.1%, while S&P 500 futures lost 0.2%, and Nasdaq Composite futures fell 0.3%.
Crude oil futures (West Texas Intermediate) fell 0.9% on Sunday, to $103.89 a barrel. Brent crude, the international standard, was down 0.6% to $106.33 a barrel.
More than a dozen S&P 500 companies report earnings this week, including: PepsiCo on Tuesday; Delta Air Lines and Fastenal on Wednesday; Cintas, Conagra Brands, First Republic Bank, JPMorgan Chase, Morgan Stanley, and Taiwan Semiconductor Manufacturing on Thursday; and Bank of New York Mellon, BlackRock, Citigroup, PNC Financial Services Group, State Street, U.S. Bancorp, 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 June. On Wednesday, the Bureau of Labor Statistics reports the consumer price index for June, and the Federal Reserve will publish its fifth Beige Book of the year, with insights into U.S. economic conditions from its 12 districts.
On Thursday, BLS releases the producer price index for June. And on Friday, the University of Michigan reports the Consumer Sentiment Index for July, the Census Bureau reports on retail sales for June, and the Federal Reserve Bank of New York releases its Empire State Manufacturing Index for July.
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