Stocks Poised to Open Lower

U.S. stocks are poised for a slightly lower open on Monday, ahead of this week’s release of October inflation data from the Bureau of Labor Statistics.

As of 6:19 p.m. ET on Sunday, Dow Jones Industrial Average futures lost 23 points, or 0.1%; the S&P 500 futures fell 0.1%; and Nasdaq Composite futures slipped 0.2%.

This week’s notable earnings include Zscaler on Monday; and CrowdStrike, Hewlett Packard Enterprise, Intuit, NetApp, Splunk, VMware, Workday on Tuesday.

Dollar Tree, Foot Locker, Hormel Foods, Petco Health & Wellness, Pure Storage, Snowflake, Synopsys, Okta, and Victoria’s Secret report earnings on Wednesday.

Big Lots, Cracker Barrel Old Country Store, Dell Technologies, Kroger, Marvell Technology, Salesforce, Samsara, UiPath, and Ulta Beauty report on Thursday.

This week’s notable economic events include Monday’s new home sales data for October from the Census Bureau. On Tuesday, S&P CoreLogic will release its Case-Shiller National Home Price Index for September, and the Conference Board will release its Consumer Confidence Index for November.

On Wednesday, the Bureau of Economic Analysis will release its second estimate of gross domestic product growth for the third quarter.

On Thursday, the Bureau of Labor Statistics will release personal income and expenditures data, including the core personal-consumption expenditures price index for October, which is the Fed’s preferred inflation measure. Also Thursday, the Labor Department will release initial unemployment benefits claims for the week ended Nov. 25.

On Friday, the Institute for Supply Management will release its Manufacturing Purchasing Managers’ Index for November.

Write to Janet H. Cho at [email protected]

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