U.S. Stocks Poised to Open Slightly Higher on Monday

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US stocks are set to open Monday slightly higher to start a big week of corporate earnings.

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On Sunday night, Dow Jones Industrial Average futures gained 21 points, or 0.1%, while the S&P 500 futures gained 0.2%, and Nasdaq Composite futures gained 0.4%.

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Crude oil futures (West Texas Intermediate) fell 0.29% on Sunday evening, to $97.31 a barrel. Brent crude, the international standard, was down 0.43% to $100.72 a barrel.

About 70 S&P 500 companies report earnings this week, including: Bank of America, Charles Schwab, Goldman Sachs, IBMand Prologis on Monday; Citizens Financial Group, halliburton, Hasbro, JB Hunt Transport Services, Johnson & Johnson, Lockheed Martin, Netflixand Novartis on Tuesday; Abbott Laboratories, ASML Holding, Baker Hughes, Biogen, Crown Castle International, CSX, Discover Financial Services, Tesla and United Airlines on Wednesday; American Airlines Group, AT&TBlackstone, Capital One FinancialDow, Snap, Domino’s Pizza, Freeport-McMoRan, Intuitive Surgical, Marsh McLennan, Nucor, Philip Morris InternationalSAP, Snap, Travelers, and Union Pacific on Thursday; and American Express, HCA Healthcare, NextEra Energy, Roper Technologies, Schlumberger, Twitterand Verizon Communicationson Friday.

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This week’s notable economic events include: On Monday, the National Association of Home Builders will release its Housing Market Index for July. On Tuesday, the Census Bureau releases new residential construction statistics for June. On Wednesday, the National Association of Realtors’ existing-home sales for June. On Thursday, the Conference Board releases its Leading Economic Index for June, the European Central Bank announces its monetary-policy decision, and the Bank of Japan announces its monetary-policy decision. On Friday, S&P Global releases both its Manufacturing and Services Purchasing Managers’ Indexes for July.

Write to Janet H. Cho at [email protected]

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Credit: www.marketwatch.com /

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