Stocks are poised to open lower on Wall Street on Monday.
Angela Weiss/AFP/Getty Images
Text size
U.S. stocks are poised to open lower on Monday as investors look toward Friday’s report on August jobs.
On Sunday night, Dow Jones Industrial Average futures lost 205 points, or 0.6%, while the S&P 500 futures lost 0.8%, and Nasdaq Composite futures lost 1%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.4% on Sunday, to $92.74 a barrel. Brent crude, the international standard, was down 0.4% to $98.66 a barrel.
This week’s earnings include: Best Buy, Big Lots, Chewy, Baidu, CrowdStrike Holdings, and Hewlett Packard Enterprise on Tuesday; Brown-Forman, Cooper, Okta, and Veeva Systems on Wednesday; Broadcom, Campbell Soup, Hormel Foods, Lululemon Athletica, Ollie’s Bargain Outlet, Signet Jewelers, and Weibo on Thursday.
Notable economic events this week include: On Monday, the Federal Reserve Bank of Dallas releases its Texas Manufacturing Outlook Survey for August. On Tuesday, the Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey for July, S&P CoreLogic reports the Case-Shiller National Home Price Index for June, and the Conference Board releases its Consumer Confidence Index for August.
On Wednesday, ADP releases its National Employment Report for August, and the Institute for Supply Management releases its Chicago Business Barometer for August. On Thursday, the Census Bureau reports construction spending data for July, and the Labor Department reports the number of new filings for unemployment benefits for the week ended Aug. 27. On Friday, the BLS will release the August jobs and unemployment report.
Write to Janet H. Cho at [email protected]
Source: https://www.barrons.com/articles/u-s-stocks-poised-open-lower-on-monday-51661725806?siteid=yhoof2&yptr=yahoo