U.S. Stocks Poised to Open Lower on Monday

U.S. Stocks Poised to Open Lower on Monday

U.S. stocks were poised to open slightly lower on Monday. (Photo by ED JONES/AFP via Getty Images)

AFP via Getty Images

Text size

U.S. stocks are set to open Monday slightly down. On Sunday night, Dow Jones Industrial Average futures were flat, while the S&P 500 futures lost 0.1% and Nasdaq Composite futures lost 0.1%.

Crude oil futures (West Texas Intermediate) also fell 1.4% on Sunday evening, to $100.60 a barrel. Brent crude, the international standard, was down 1.4% to $104.60 a barrel. The Euro was flat against the U.S. dollar at 1.08.

This week, 165 S&P 500 companies, or about a third of the S&P 500, and nearly half the Dow Jones Industrial Average are scheduled to report earnings.

Activision Blizzard, Ameriprise Financial, and Coca-Cola report on Monday; Google’s Alphabet, Chipotle Mexican Grill, Chubb, General Electric, General Motors, 3M, Microsoft, Mondelez International, PepsiCo, United Parcel Service, Visa, and Warner Bros. Discovery report on Tuesday; Automatic Data Processing, Boeing, Ford Motor, General Dynamics, Hess, Kraft Heinz, Las Vegas Sands,

Meta Platforms, PayPal Holdings, Qualcomm, Southwest Airlines, and T-Mobile US report on Wednesday.

On Thursday, Amazon.com, Apple, Caterpillar, Comcast, Eli Lilly, Gilead Sciences, Intel, Mastercard, McDonald’s, and Twitter report earnings; AbbVie, Bristol Myers Squibb, Charter Communications, Chevron, Colgate-Palmolive, Exxon Mobil, and Honeywell International report on Friday.

This week’s notable economic events include: On Tuesday, the Conference Board reports the Consumer Confidence Index for April, and the Census Bureau releases the durable goods report for March and residential-sales statistics for March. On Thursday, the Bureau of Economic Analysis will release its advance estimate for first-quarter gross domestic product. And on Friday, the BEA reports personal income and expenditures for March, and the Institute for Supply Management releases its Chicago Purchasing Managers’ Index for April.

Write to Janet H. Cho at janet.cho@dowjones.com

Post a Comment