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U.S. Stocks Poised for Mixed Open

by Myfxtools
January 7, 2024
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U.S. stocks are expected to have a mixed start to the week, with the focus on consumer inflation data and the unofficial kickoff of the fourth-quarter earnings season.

As of 6:15 p.m. ET on Sunday, here are the futures for some of the major indices:

  • Dow Jones Industrial Average: -17 points (-0.1%)
  • S&P 500: +0.1%
  • Nasdaq Composite: +0.1%

Earnings Reports of Note

This week will see several big banks reporting their earnings. Here’s the schedule:

  • Monday: Jefferies Financial Group
  • Tuesday: Albertsons and Tilray Brands
  • Wednesday: KB Home

The following companies will report their earnings on Friday:

  • Bank of America
  • Bank of New York Mellon
  • BlackRock
  • Citigroup
  • Delta Air Lines
  • JP Morgan & Chase
  • UnitedHealth Group
  • Wells Fargo

Key Economic Events

There are a few important economic events to watch out for this week:

  • Monday: Release of a consumer expectations survey by the New York Fed
  • Tuesday: National Federation of Independent Business’ Small Business Optimism Index for December
  • Thursday: Consumer price index for December by the Bureau of Labor Statistics, and initial unemployment benefits claims for the week ended Jan. 6 by the Labor Department
  • Friday: Producer price index for December by the BLS

Stay tuned for updates on these market developments.

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Tags: Consumer Inflation Dataearnings reportsFourth Quarter EarningsKey Economic EventsMixed StartU.S. stocks
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