Futures Mixed in a Big Week for Retailers as New Questions Rise over the Consumer State of Mind
Retail stocks are in focus as Walmart, Target, Home Depot and Lowe's report, after July spending fell by the most in more than a year, the Commerce Department said.
- Stock futures are mixed on Monday as investors await second-quarter earnings from major retailers Target, Walmart, Home Depot, and Lowe's this week amid consumer uncertainty.
- The Commerce Department reported Friday that Americans unexpectedly cut retail spending in July by the largest amount in over a year, raising questions about economic strength.
- Target enters earnings season under CEO Michael Fiddelke, a 20-year company veteran, as the retail sector wrestles with stubbornly high inflation and price-sensitive customers.
- The Federal Reserve will release minutes from its July meeting on Wednesday, offering insight into interest rate policy as officials navigate the risk of "stagflation."
- Brent crude gained 1.1% to $89.50 per barrel on Monday as Iran works with Oman to manage ship transit through the Strait of Hormuz, where about 20% of global oil transits.
12 Articles
12 Articles
Walmart, Target and Home Depot set to give Wall Street a peek at the American consumer, one week after stocks' all-time high
Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%. U.S. stocks hit an all-time high last week despite some recent downbeat data about jobs and, most notably last week, retail spending. Americans unexpectedly pulled bac…
Daily News-Record
Futures mixed in a big week for retailers as new questions rise over the consumer state of mind
Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher Monday, while Dow Jones Industrial…
Futures Mixed in Big Week For Retailers As Questions Rise Over Consumer State of Mind
(AP) — Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%. U.S. stocks hit an all-time high last week despite some recent downbeat data about jobs and, most notably last week, retail spending. Americans unexpectedly pul…
BEFORE THE BELL: Futures mixed in a big week for retailers as new questions rise over the consumer state of mind
By ELAINE KURTENBACH and MICHELLE CHAPMAN AP Business Writers Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy. The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%. U.S. stocks hit an all-time high last week despite some recent downbeat data about jobs and, most notably…
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