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Stocks Poised to Drop on Monday

Stocks were poised to open lower in New York on Monday.

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U.S. stocks are poised for a lower open on Monday ahead of a week of retail earnings.

At 6:31 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures lost 95 points, or 0.3%, while the S&P 500 futures lost 0.4%, and Nasdaq Composite futures were down 0.5%.

Crude oil futures (West Texas Intermediate, the U.S. standard) rose 0.3% to $89.20 a barrel. Brent crude, the international standard, rose 0.3% to $96.29 a barrel. 

This week’s earnings include: Dentsply Sirona, J&J Snack Foods, Oatly Group, and Tyson Foods on Monday; Advance Auto Parts, Home Depot, Krispy Kreme, and Walmart on Tuesday; Bath & Body Works, Cisco Systems, Copart, Lowe’s, Nvidia, Target, and TJX Cos. on Wednesday.

Alibaba Group, Applied Materials, BJ’s Wholesale Club, Gap, Keysight Technologies, Kohl’s, Macy’s, Palo Alto Networks, and Ross Stores, and Williams-Sonoma report earnings on Thursday; and Foot Locker and on Friday.

This week’s notable economic events include: On Tuesday, the Bureau of Labor Statistics reports the Producer Price Index for October, which measures the prices suppliers charge businesses, and the Federal Reserve Bank of New York releases its third-quarter household debt and credit report.

On Wednesday, the Census Bureau releases the retail sales report for October, the National Association of Home Builders reports the Housing Market Index for November, and the Fed releases industrial production figures for October, which measure the output of factories, mining and utilities.

On Thursday, the Census Bureau reports housing starts for October, the Commerce Department releases October figures on new residential construction and building permits, and the Labor Department reports the number of worker filings for unemployment benefits in the week ended Nov. 12.

On Friday, the Conference Board releases its Leading Economic Index for October, and the National Association of Realtors reports on existing-home sales for October.

Write to Janet H. Cho at 

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