U.S. stocks are poised to rise on Monday ahead of a week of earnings and economic data releases, including quarterly reports from
Tesla,
Netflix,
and
Goldman Sachs.
At 6:30 p.m. ET on Sunday, Dow Jones Industrial Average futures gained 42 points, or 0.1%, while the S&P 500 futures rose 0.1%, and Nasdaq Composite futures gained 0.2%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.1% to $87.58 a barrel. Brent crude, the international standard, fell less than 0.1% to $90.86 a barrel.
More than 50 S&P 500 companies report earnings this week, including: Charles Schwab on Monday, and Bank of America, Bank of New York Mellon, Goldman Sachs Group, J.B. Hunt Transport Services, Johnson & Johnson, Lockheed Martin, Omnicom Group, Prologis, and United Airlines Holdings on Tuesday.
Abbott Laboratories, ASML Holding, Discover Financial Services, Las Vegas Sands, Morgan Stanley, Netflix, Procter & Gamble, Tesla, Travelers, and U.S. Bancorp report earnings on Wednesday.
American Airlines Group, AT&T, CSX, Fifth Third Bancorp, Taiwan Semiconductor Manufacturing, and Union Pacific report on Thursday; and American Express, Huntington Bancshares, Interpublic Group, Regions Financial, and SLB on Friday.
This week’s notable economic events include Monday’s release of the Empire State Manufacturing Survey for October by the Federal Reserve Bank of New York.
On Tuesday, the Census Bureau reports retail sales data for September, and the National Association of Home Builders will release its Housing Market Index for October.
On Wednesday, the Census Bureau will report new residential construction statistics and housing starts for September, and the Federal Reserve will release its seventh Beige Book of the year, with anecdotal information on current economic conditions from the 12 regional Federal Reserve banks.
On Thursday, the Conference Board will release its Leading Economic Index for September; the Labor Department reports initial claims for unemployment benefits the week ending Oct. 14; and the National Association of Realtors reports existing-home sales for September.
Write to Janet H. Cho at [email protected]
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