Stocks Poised to Open Higher

Stocks are poised to rise in early trading in New York on Monday.


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U.S. stocks are poised to rise on Monday, ahead of fresh U.S. labor data that could influence the Federal Reserve’s next Federal Open Market Committee’s meeting and interest-rate decision from Sept. 19-20. 

At 6:43 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures gained 49 points, or 0.1%; the S&P 500 futures were up 0.2%; and Nasdaq Composite futures gained 0.2%.

Crude oil futures (West Texas Intermediate, the U.S. standard) climbed 0.5% to $80.25 a barrel. Brent crude, the international standard, gained 0.4% to $84.31 a barrel. 

Notable earnings this week include: BYD on Monday; and Big Lots, Best Buy, Box, Chico’s FAS, Hewlett Packard Enterprise, HP, J.M. Smucker, NIO, and PVH on Tuesday.

Brown-Forman, Chewy, Five Below, Okta, Pure Storage, and Salesforce report earnings on Wednesday; and, Broadcom, Campbell Soup, Dollar General, Hormel Foods, J.Jill, Lands’ End, Ollie’s Bargain Outlet, and Signet Jewelers report on Thursday.

This week’s notable economic events include: On Monday, the Federal Reserve Bank of Dallas will release its Texas Manufacturing Outlook Survey for August.

On Tuesday, the Bureau of Labor Statistics will publish the results of the Job Openings and Labor Turnover Survey of job openings, hires, and separations for August; S&P CoreLogic will release its Case-Shiller National Home Price Index for June; and the Conference Board will release its Consumer Confidence Index for August.

On Wednesday, ADP will release its National…


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