US stocks are poised to open higher on Monday as investors await August inflation data.
On Sunday night, Dow Jones Industrial Average futures gained 90 points, or 0.3%, while S&P 500 futures rose 0.4% and Nasdaq Composite futures rose 0.5%.
Crude Oil Futures (West Texas Intermediate, US Standard) lost 0.3%, up to $86.55 per barrel. Brent crude oil, international standard, lost 0.2% to $92.68 per barrel.
This week’s earnings include Oracle on Monday and Adobe in Thursday. Starbucks and Corteva host meetings with investors on Tuesdays and Danaher and Humana hold events on Thursdays.
Twitter shareholders will vote Tuesday on Elon Musk’s proposed $44 billion acquisition of the social media company, a purchase the company is trying to force and from which Musk is trying to exit.
Marked economic events this week includes Tuesday’s report from the Bureau of Labor Statistics on the consumer price index for August, and the National Federation of Independent Business will release the small business optimism index for August.
On Wednesday, the BLS will report the producer price index for August. On Thursday, the Census Bureau will release August retail sales data, and the Federal Reserve Bank of New York released its Empire State manufacturing survey for September. On Friday, the University of Michigan will report its consumer sentiment index for September.
Write to Janet H. Cho at [email protected]