Stock market today: Dow, S&P 500, Nasdaq futures waver ahead of retail earnings US stock futures wavered on Monday as investors weighed the Federal Reserve’s next policy move and awaited a slate of retail earnings this week.
Futures on the Dow Jones Industrial Average (YM=F) slipped 0.1%
Those on the S&P 500 (ES=F) traded near the flat line after the benchmark index posted its third straight weekly gain. Contracts for the Nasdaq-100 (NQ=F) rose 0.4% after a relatively calm week on Wall Street. Investor attention turns toward retail earnings and oil prices this week, with fewer market-moving economic data releases on the calendar.
Big-box stores, including Walmart (WMT), Target (TGT), Lowe’s (LOW), and Home Depot (HD), report quarterly results this week, providing insights into consumer health during the important back-to-school shopping season. Traders, meanwhile, pulled back the odds of a September rate hike at the Fed’s Jackson Hole meeting to less than one-third, as inflation and jobs data have created a mixed economic picture. Oil prices remain a key factor for markets and the Fed as the US takes an economic approach to the war in the Middle East.