Here’s what you need to know to navigate the markets today:
• U.S. stocks are set to open Monday slightly up. On Sunday night, Dow Jones Industrial Average futures gained 50 points, or 0.13%, while the S&P 500 futures gained 0.11% and Nasdaq Composite futures gained 0.08%. This week’s earnings include: J.Jilland PHX Mineralson Monday; Avaya Holdings,Barnes Group, and Campbell Soupon Tuesday; ABM Industries, REV Group,and Toro on Wednesday; Accenture, Adobe, FedEx,Heico, Lennar,Nordson, Rivian Automotive and Worthington Industries on Thursday; and Darden Restaurants, Quanex Building Products,and Steelcaseon Friday.
This week’s notable economic events include: On Tuesday, the Bureau of Labor Statistics releases the producer price index for November, and the National Federation of Independent Businesses reports its small business owners’ sentiment index on Tuesday. The Federal Reserve’s Open Market Committee meets Tuesday and Wednesday. On Wednesday, the Census Bureau reports November retail sales spending, the BLS reports export and import price data for November, and the National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. On Thursday, the Census Bureau reports its New Residential Construction report for November, and the Federal Reserve releases industrial production data for November.
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