U.S. stocks are poised for a mixed open on Monday, as another batch of big company earnings rolls out to start a week that features the Federal Reserve’s monetary policy meeting.
At 6:25 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures lost 21 points, or less than 0.1%, while the S&P 500 futures were flat, and Nasdaq Composite futures gained 0.1%.
Crude oil futures (West Texas Intermediate, the U.S. standard) fell 0.5% to $76.67 a barrel. Brent crude, the international standard, fell 0.5% to $80.65 a barrel.
More than 150 S&P 500 companies are scheduled to report earnings this week, including Cleveland-Cliffs, Domino’s Pizza, Logitech International, and NXP Semiconductors on Monday.
3M, Alaska Air, Alphabet, Dow, General Electric, General Motors, Microsoft, Spotify Technology, Snap, Texas Instruments, Verizon Communications, Visa, Waste Management, and Xerox report earnings on Tuesday.
AT&T, Boeing, Chipotle Mexican Grill, Coca-Cola, eBay, and Meta Platforms report earnings on Wednesday.
American Tower, Boston Beer, Comcast, Ford Motor, Hertz Global, Intel, Live Nation Entertainment, Mastercard, McDonald’s, Shell, Southwest Airlines, T-Mobile US, and Volkswagen report on Thursday; and Chevron, Exxon Mobil, and Procter & Gamble on Friday.
This week’s notable economic events include: On Tuesday, S&P CoreLogic will release its Case-Shiller National Home Price Index for May, and the Conference Board will release its Consumer Confidence Index for July.
On Wednesday, the Federal Open Market Committee will announce its monetary policy decision, with remarks by chairman Jerome Powell. Futures markets are pricing in overwhelming odds of a 0.25 percentage-point increase in the federal-funds rate, to 5.25% to 5.50%.
On Thursday, the Bureau of Economic Analysis will release its advance estimate for second-quarter gross-domestic-product growth. On Friday, the BEA will report the core personal consumption expenditures price index for June, the Fed’s preferred measure of inflation.
Write to Janet H. Cho at [email protected]
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