NEW YORK (Reuters) – U.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail profits queue and housing data is in sight.
The second quarter earnings season is almost over with major retailers yet to release results. Walmart Inc (N :), Home Depot Inc (N :), Kohls Corp (N :), Lowe’s Companies Inc (N :), Target Corp (N 🙂 are among the retailers on the bridge, with Deere & Co (N 🙂 ready to wrap up the week.
457 S&P 500 companies released results on Friday, 81.4% of which broke a decidedly low expectation mark, according to data from Refinitiv.
Housing starts and data on existing home sales are expected this week, both of which are expected to have increased, proving that housing is rebounding faster than other sectors after a recession triggered by a pandemic.
Market participants are hopeful that Washington will adopt a new stimulus package, weeks after emergency unemployment benefits for millions of Americans expired.
* The S&P 500 e-minis are up 7.25 points, or 0.22%, with 7,955 contracts changing hands.
* are up 23.25 points, or 0.21%, in volume of 2,919 contracts.
* increased by 56 points, or 0.2%, with 2,243 contracts changing hands.
* The price of the 10-year benchmark forward contracts has increased by 1/32.
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