U.S. stocks are expected to open slightly lower on Monday as investors await the release of October inflation data from the Bureau of Labor Statistics.
Stock Futures
As of 6:19 p.m. ET on Sunday, the futures for major stock indices showed a downward trend:
- Dow Jones Industrial Average futures lost 23 points, or 0.1%
- S&P 500 futures fell 0.1%
- Nasdaq Composite futures slipped 0.2%
Notable Earnings This Week
Several notable companies are scheduled to report their earnings this week:
- Monday: Zscaler
- Tuesday: CrowdStrike, Hewlett Packard Enterprise, Intuit, NetApp, Splunk, VMware, Workday
- Wednesday: Dollar Tree, Foot Locker, Hormel Foods, Petco Health & Wellness, Pure Storage, Snowflake, Synopsys, Okta, Victoria’s Secret
- Thursday: Big Lots, Cracker Barrel Old Country Store, Dell Technologies, Kroger, Marvell Technology, Salesforce, Samsara, UiPath, Ulta Beauty
Economic Events to Watch
In addition to earnings reports, there are several key economic events to watch this week:
- Monday: Census Bureau’s new home sales data for October
- Tuesday: S&P CoreLogic will release Case-Shiller National Home Price Index for September; Conference Board will release Consumer Confidence Index for November
- Wednesday: Bureau of Economic Analysis will release second estimate of gross domestic product growth for Q3
- Thursday: Bureau of Labor Statistics will release personal income and expenditures data, including the core personal-consumption expenditures price index for October (Fed’s preferred inflation measure); Labor Department will release initial unemployment benefits claims for the week ended Nov. 25
- Friday: Institute for Supply Management will release Manufacturing Purchasing Managers’ Index for November