US stocks are poised for a mixed open on Monday as investors prepare for the Federal Reserve’s monetary policy meeting and decision this week.
On Sunday night, Dow Jones Industrial Average futures gained 13 points, or 0.06%, while S&P 500 futures lost 0.06% and Nasdaq Composite futures lost 0.32%.
This week’s earnings include: AutoZone on Monday; Stitch Fix in Tuesday; General Mills, KB Homeand Lennar on Wednesday; Accenture, Costco Wholesale, Darden Restaurants, FactSet Research Systemsand FedEx in Thursday.
This week is remarkable economic events include: On Monday, the National Association of Home Builders released its housing market index for September. The Federal Open Market Committee meets on Tuesday and Wednesday to consider further rate hikes, with economists expecting a 0.75 percentage point hike.
Also on Tuesday, the Census Bureau will report housing starts for August. On Wednesday, the National Association of Realtors reports existing home sales for August. On Thursday, the Conference Board released its leading economic index for August, and the Labor Department reported the number of new jobless claims for the week ended Sept. 17. On Friday, S&P Global reported its manufacturing and services purchasing managers’ indexes for September.
Write to Janet H. Cho at [email protected]