Stocks are poised for a muted opening on Monday in New York.
Courtesy NYSE
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U.S. stocks are poised for a muted open ahead of the release of June’s consumer price index on Wednesday and the beginning of second-quarter earnings season.
At 6:24 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures were flat, while the S&P 500 futures lost 0.02%, and Nasdaq Composite futures gained 0.08%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.3% to $73.62 a barrel. Brent crude, the international standard, was down 0.3% to $78.24 a barrel.
Notable earnings this week include: Cintas, Conagra Brands, Delta Air Lines, Fastenal, and PepsiCo on Thursday; and BlackRock, UnitedHealth Group, Citigroup, JPMorgan Chase, State Street, UnitedHealth Group, and Wells Fargo on Friday.
This week’s notable economic events include: On Monday, the Federal Reserve reports consumer credit data for May. On Tuesday, the National Federation of Independent Business will release its Small Business Optimism Index for June.
On Wednesday, the BLS will release the consumer price index for June; the Federal Reserve will release its Beige Book of current economic conditions in its 12 districts; and the Bank of Canada will announce its monetary-policy decision.
On Thursday, the BLS will release the producer price index for June, and the Labor Department reports initial claims for unemployment benefits the week ending July 8. On Friday, the University of Michigan will release its Consumer Sentiment Index for July.
Write to Janet H. Cho at janet.cho@dowjones.com
