Stocks Poised for Higher Open

U.S. stocks are poised for a higher open on Monday, ahead of ahead of this week’s a key inflation reading that will inform the Federal Open Market Committee’s next interest-rate decision in September.

At 6:19 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures gained 49 points, or 0.1%; while the S&P 500 futures rose 0.2%; and Nasdaq Composite futures climbed 0.3%.

Crude oil futures (West Texas Intermediate, the U.S. standard) rose 0.3% to $83.10 a barrel. Brent crude, the international standard, rose 0.4% to $86.62 a barrel.

Notable earnings this week include: Beyond Meat, BioNTech, Celanese, Coterra Energy, KKR, Oneok, Palantir Technologies, Paramount Global, and Tyson Foods on Monday.

Barrick Gold, Bumble, Duke Energy, Eli Lilly, GlobalFoundries, Lyft, Take-Two Interactive Software, TransDigm Group, United Parcel Service, and Zoetis report results on Tuesday.

Honda Motor, Illumina, Trade Desk, Walt Disney, Trade Desk, Wynn Resorts, and Illumina report earnings on Wednesday; Alibaba Group Holding, Brookfield, News Corp, and Ralph Lauren report on Thursday.

This week’s notable economic events include: On Tuesday, the National Federation of Independent Business releases its Small Business Optimism Index for July.

On Thursday, the Bureau of Labor Statistics will release the consumer price index for July, and the Labor Department will report the number of worker filings for unemployment benefits in the week ended Aug. 5.

On Friday, the University of Michigan reports its Consumer Sentiment Index for August, and the BLS releases the producer price index for July.

Write to Janet H. Cho at [email protected]

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