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U.S. stocks are poised to rise on Monday ahead of a busy week of earnings reports from big technology companies.
At 6:29 p.m. ET on Sunday, Dow Jones Industrial Average futures gained 44 points, or 0.1%; the S&P 500 futures rose 0.2%; and Nasdaq Composite futures climbed 0.2%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.3% to $87.82 a barrel. Brent crude, the international standard, fell 0.4% to $91.80 a barrel.
Nearly a third of S&P 500 companies report earnings this week, including: Cleveland-Cliffs and Logitech International on Monday; 3M, Alphabet, Coca-Cola, General Electric, General Motors, Kimberly-Clark, Microsoft, NextEra Energy, Spotify Technology, Texas Instruments, Verizon Communications, and Visa report on Tuesday.
Boeing, General Dynamics, IBM, Meta Platforms, ServiceNow, and T-Mobile US report earnings on Wednesday.
Amazon, Chipotle Mexican Grill, Comcast, Ford Motor, Intel, Kenvue, Keurig Dr Pepper, Merck, Mastercard, Pioneer Natural Resources, Royal Caribbean, Shell, Southwest Airlines, and United Parcel Service report on Thursday; and AbbVie, Charter Communications, Chevron, Colgate-Palmolive, Exxon-Mobil, and Sanofi report on Friday.
In economic data, on Thursday, the Bureau of Economic Analysis will release its advance estimate of third-quarter gross domestic product; the Commerce Department will report new-home sales data for September; and the Labor Department will release initial unemployment benefits claims for the week ended Oct. 21.
On Friday, the Bureau of Labor Statistics will report the personal-consumption expenditures price index for September, including core PCE, which excludes food and energy prices and is the Federal Reserve’s preferred inflation measure.
Write to Janet H. Cho at [email protected]
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