U.S. stocks are poised for a higher open ahead of a busy earnings week, plus data on U.S. economic indicators, and housing market reports.
At 6:20 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures gained 42 points or 0.1%; the S&P 500 futures gained 0.2%; and Nasdaq Composite futures gained 0.1%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.1% to $82.44 a barrel. Brent crude, the international standard, lost 0.1% to $86.24 a barrel.
Sixty S&P 500 companies report earnings this week, including: Charles Schwab, J.B. Hunt Transport Services, M&T Bank, and State Street on Monday; Bank of America, Bank of New York Mellon, Goldman Sachs Group, Johnson & Johnson, Lockheed Martin, Netflix, Prologis, and United Airlines Holdings on Tuesday.
Abbott Laboratories, ASML Holding, Baker Hughes, Discover Financial Services, IBM, Las Vegas Sands, Morgan Stanley, Tesla, and U.S. Bancorp report earnings on Wednesday.
American Express Co., AT&T, Blackstone, CSX Corp., Taiwan Semiconductor Manufacturing, Truist Financial, and Union Pacific report on Thursday; and Freeport-McMoRan, HCA Healthcare, Procter & Gamble, and Schlumberger report on Friday.
This week’s notable economic events include: On Monday, the National Association of Home Builders will release its Housing Market Index for April. On Tuesday, the Census Bureau will report new residential construction statistics for March.
On Thursday, the Conference Board will report its Leading Economic Index for March; the National Association of Realtors will release existing-home sales for March; and the Labor Department will report the number of worker filings for unemployment benefits in the week ended April 15.
On Friday, S&P Global will release both its Manufacturing and Services Purchasing Managers’ Indexes for April.
Write to Janet H. Cho at [email protected]