U.S. Stocks Poised to Open Higher on Monday

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US stocks are set to open higher on Monday.

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On Sunday night, Dow Jones Industrial Average futures gained 154 points, or 0.5%, while the S&P 500 futures gained 0.6% and Nasdaq Composite futures rose 0.6%.

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Crude oil futures (West Texas Intermediate) lost 0.4%to $109.81 a barrel, while Brent crude, the international standard, was up 0.32% to $112.91 a barrel.

More S&P 500 companies are scheduled to report earnings this week, including: Advance Auto Parts and Zoom Video Communications on Monday; Agilent Technologies, AutoZone, Best Buy, Intuit, nordstrom, Petco Health & Wellness, Ralph Laurenand Toll Brothers on Tuesday; Dick’s Sporting Goods, Nvidia, Snowflakeand Williams-Sonoma on Wednesday; Alibaba Group Holding, Burlington, Costco Wholesale, Dell Technologies, Dollar General, Dollar Tree, Gap, Macy’s, Marvell Technology, Medtronicand Ulta Beauty on Thursday; and Big Lots on Friday.

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This week’s notable economic highlights include: On Tuesday, the Census Bureau reports residential sales statistics for April, and S&P Global releases both its Manufacturing and Services Purchasing Managers’ indexes for May. On Wednesday, the Federal Open Market Committee will publish the minutes from its monetary-policy meeting in early May, and the Census Bureau will release its durable goods report for April. On Thursday, the Bureau of Economic Analysis will release its second estimate for first-quarter gross domestic product. On Friday, the Bureau of Economic Analysis reports personal income and spending data for April.

Write to Janet H. Cho at [email protected]

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Credit: www.marketwatch.com /

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