Stocks are poised to open slightly lower on Monday ahead of another big week of earnings and economic data releases.
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U.S. stocks are poised to open slightly lower on Monday ahead of another week of earnings and Wednesday’s report on the consumer price index for July.
On Sunday night, Dow Jones Industrial Average futures lost 36 points, or 0.1%, while the S&P 500 futures lost 0.2%, and Nasdaq Composite futures lost 0.2%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.8% on Sunday, to $88.35 a barrel. Brent crude, the international standard, was down 0.3% to $94.66 a barrel.
This week’s earnings include: American International Group , Barrick Gold, BioNTech, Dominion Energy, International Flavors & Fragrances, Novavax, Take-Two Interactive Software, and Tyson Foods on Monday; Coinbase Global, Emerson Electric, Norwegian Cruise Line Holdings, Ralph Lauren, Sysco, and TransDigm Group on Tuesday; Fox, Walt Disney, and Wendy’s on Wednesday; Brookfield Asset Management, Cardinal Health, Illumina, ResMed, Rivian Automotive, and Utz Brands on Thursday; and Broadridge Financial Solutions and Honest on Friday.
Notable economic events this week include: On Tuesday, the National Federation of Independent Business will release the Small Business Optimism Index for July, and the Bureau of Labor Statistics reports preliminary employee compensation and productivity data for the second quarter.
On Wednesday, the BLS releases the Consumer Price Index for July. On Thursday, the BLS will report the Producer Price Index for July. On Friday, the…