U.S. stocks are poised to open lower on Monday as another busy week of corporate earnings kicks off.
At 6:30 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures lost 18 points, or 0.1%; the S&P 500 futures lost less than 0.1%; and Nasdaq Composite futures fell 0.1%.
The 104 S&P 500 companies scheduled to report earnings this week include Air Products and Chemicals, Allegiant Travel, Caterpillar, Estée Lauder, Idexx Laboratories, McDonald’s, NXP Semiconductors, ON Semiconductor, Simon Property Group, Sphere Entertainment, Timken, Tyson Foods, and Vertex Pharmaceuticals on Monday.
Amgen, BP, Carrier Global, Centene, Chipotle Mexican Grill, Cummins, DuPont, Eli Lilly, Enphase Energy, Fiserv, Ford Motor, Fortinet, Gartner, GE HealthCare Technologies, Gilead Sciences, Jacobs Solutions, KKR, Linde, Omnicom Group, Prudential Financial, Spotify Technology, Toyota Motor, UBS Group, and V.F. Corp. all report on Tuesday.
Akzo Nobel, Alibaba Group Holding, Allstate, Arm Holdings, CVS Health, Emerson Electric, Equifax, Hilton Worldwide Holdings, McKesson, Monolithic Power Systems, O’Reilly Automotive, PayPal Holdings, Uber Technologies, Walt Disney, Wynn Resorts, and Yum! Brands report earnings on Wednesday.
Apollo Global Management, ArcelorMittal, Ares Management, AstraZeneca, ConocoPhillips, DexCom, Duke Energy, Expedia Group, FirstEnergy, Hershey, Honda Motor, Illumina, Intercontinental Exchange, Interpublic Group, Kenvue, Motorola Solutions, Philip Morris International, S&P Global, T. Rowe Price Group, Take-Two Interactive Software, Thomson Reuters, TransDigm Group, and Unilever report on Thursday; and Enbridge and PepsiCo on Friday.
This week’s notable economic events include Monday’s report from the Institute for Supply Management on the Services Purchasing Managers’ Index for January.
On Thursday, the Labor Department will release initial unemployment benefits claims for the week ended Feb. 3. On Friday, the Bureau of Labor Statistics will release annual revisions to the consumer price index.
Write to Janet H. Cho at [email protected]
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