Stocks are preparing to open higher in New York on Monday.
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US stocks are poised to open slightly higher on Monday, ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated remarks at the annual central bank conference in Jackson Hole, Wid.
At 6:20 p.m. ET on Sunday, Dow Jones Industrial Average futures were up 14 points, or less than 0.1%; The S&P 500 futures rose 0.1%. Nasdaq Composite futures rose 0.3%.
Crude oil futures (West Texas Intermediate, the American benchmark) rose less than 0.1%, to $81.28 a barrel. International benchmark Brent crude fell 0.2 percent to $84.62 a barrel.
Notable earnings for the week include: Nordson and Zoom Video Communications on Monday; Baidu, BJ’s Wholesale Club, Coty, Dick’s Sporting Goods, La-Z-Boy, Lowe’s, Macy’s, Medtronic, Toll Brothers, and Urban Outfitters on Tuesdays;
Abercrombie & Fitch, Advance Auto Parts, Analog Devices, Autodesk, Bath & Body Works, Foot Locker, Guess? Kohl’s, Nvidia, NetApp, Peloton Interactive, Snowflake, and Williams-Sonoma on Wednesday;
Affirm Holdings, Burlington Stores, Dollar Tree, Gap, Intuit, Nordstrom, Petco Health & Wellness, Ulta Beauty, and Workday earnings report Thursday.
Economic highlights this week include: On Tuesday, the National Association of Realtors will announce existing home sales for the month of July. Released on Wednesday by the Census Bureau and the Department of Housing and Urban Development New home sales data For July, Markit will release its manufacturing and services PMIs for August.
On Thursday, the Census Bureau will release its data Durable goods report For the month of July, and the Department of Labor will report initial claims for unemployment benefits The week ending August 19th.
From Thursday through Saturday, the Federal Reserve Bank of Kansas City will host the 2023 Economic Policy Symposium on “Structural Transitions in the Global Economy” in Jackson Hole, Wyoming.
On Friday, the University of Michigan releases the final results for its file consumer confidence index for the month of August.
Write to Janet H. Cho at janet.cho@dowjones.com