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U.S. stocks are poised to open higher on Monday, ahead of a fresh slew of U.S. housing market data and the release of the Federal Reserve’s preferred inflation measure on Friday.
At 6:15 p.m. ET on Sunday night, Dow Jones Industrial Average futures gained points, or 0.1%; the S&P 500 futures climbed 0.1%; and Nasdaq Composite futures ticked up less than 0.1%.
Notable earnings this week include Heico on Monday; and Accenture, FactSet Research Systems, FedEx, and Worthington Enterprises on Tuesday.
General Mills, Micron Technology, and Winnebago Industries report earnings on Wednesday; CarMax, Carnival, Cintas, Nike, and Paychex report on Thursday.
This week’s notable economic events include Monday’s release of the National Association of Home Builders’ Housing Market Index for December.
On Tuesday, the Census Bureau will report new residential construction statistics for November, and the
Bank of Japan
will announce its monetary policy decision.
On Wednesday, the National Association of Realtors will report existing-home sales for November, and the Conference Board will release its Consumer Confidence Index for December.
On Thursday, the Bureau of Economic Analysis will release its third and final estimate of third-quarter gross domestic product growth; the Federal Reserve Bank of Philadelphia will release its December Manufacturing Business Outlook Survey; and the Labor Department will release initial unemployment benefits claims for the week ended Dec. 16. Also Thursday, the Conference Board will release its Leading Economic Index for November.
On Friday, the Bureau of Labor Statistics will report the November personal income and expenditures price index, including the core personal-consumption expenditures price index, the Fed’s preferred inflation gauge. Also Friday, the Census Bureau releases new-home sales data for November, and the durable goods report for November.
Write to Janet H. Cho at janet.cho@dowjones.com
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