US stock futures tick higher ahead of major retailer earnings
US stock futures edge higher Monday as investors look ahead to retail earnings: Home Depot on Tuesday, Lowe’s on Wednesday, and Walmart on Thursday.
US stock futures edged higher on Monday as investors looked ahead to a relatively quiet week, with earnings from major retailers likely to provide fresh clues about the health of the economy.
Home Depot is set to report on Tuesday, followed by Lowe’s on Wednesday and Walmart on Thursday.
On the economic front, investors will scrutinize the Federal Reserve’s latest meeting minutes on Wednesday after subdued US inflation data last week prompted traders to scale back expectations for a rate hike in September.
Meanwhile, the S&P 500 and Nasdaq Composite are coming off three consecutive weekly gains, with the former hovering near record highs.
A strong earnings season has supported Wall Street despite geopolitical uncertainties in the Middle East and lingering concerns surrounding the artificial intelligence trade.