A trader on the floor of the New York Stock Exchange last week. The S&P 500 nearly entered a bear market last week.
Photo by Spencer Platt/Getty Images
U.S. stocks are set to open higher on Monday.
On Sunday night,
Dow Jones Industrial Average
futures gained 154 points, or 0.5%, while the S&P 500 futures gained 0.6% and
futures rose 0.6%.
companies are scheduled to report earnings this week, including: Advance Auto Parts and Zoom Video Communications on Monday; Agilent Technologies, AutoZone, Best Buy, Intuit, Nordstrom, Petco Health & Wellness, Ralph Lauren, and Toll Brothers on Tuesday; Dick’s Sporting Goods, Nvidia, Snowflake, and Williams-Sonoma on Wednesday; Alibaba Group Holding, Burlington Stores, Costco Wholesale, Dell Technologies, Dollar General, Dollar Tree, Gap, Macy’s, Marvell Technology, Medtronic, and Ulta Beauty on Thursday; and Big Lots on Friday.
This week’s notable economic highlights include: On Tuesday, the Census Bureau reports residential sales statistics for April, and S&P Global releases both its Manufacturing and Services Purchasing Managers’ indexes for May. On Wednesday, the Federal Open Market Committee will publish the minutes from its monetary-policy meeting in early May, and the Census Bureau will release its durable goods report for April. On Thursday, the Bureau of Economic Analysis will release its second estimate for first-quarter gross domestic product. On Friday, the Bureau of Economic Analysis reports personal income and spending data for April.
Write to Janet H. Cho at firstname.lastname@example.org