Stock index futures edge higher as investors await bank earnings, and inflation data
georgeclerk
Stock index futures were higher on Monday as investors geared up for a week of big bank earnings and key inflation reports.
Dow futures (INDU) +0.17%, S&P 500 futures (SPX) +0.23%, and Nasdaq futures (US100:IND) +0.24%.
U.S. banks are set to kick off earnings season, with Goldman Sachs, JPMorgan Chase, Citigroup, and Wells Fargo scheduled to report results during the week.
Investors will also assess retail and wholesale inflation data due on Wednesday and Thursday, respectively
The 2-year Treasury yield (US2Y) rose 3.7 basis points to 4.80%, the benchmark 10-year Treasury yield (US10Y) rose 0.2 basis points to 5.24%, and the 30-year Treasury yield (US30Y) fell 0.7 basis points to 5.60%.
Among S&P 500 stocks, Skyworks Solutions +1.61%, Eversource Energy +1.49%, Vertex Pharmaceuticals +1.47%, CoStar Group +1.45%, and Essex Property Trust +1.26%.
Align Technology -1.88%, Honeywell Aerospace -1.86%, Trane Technologies -1.86%, Amcor -1.58% and Prudential Financial -1.11%.
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