Investing.com — U.S. stock futures edged higher Monday, starting the new week on a positive note as investors await more corporate earnings and key inflation data.
By 06:30 ET (10:30 GMT), the Dow futures contract was up 55 points, or 0.2%, S&P 500 futures traded 12 points, or 0.3% higher, and Nasdaq 100 futures climbed 62 points, or 0.4%.
The benchmark Wall Street indices suffered losses last week, with the tech-heavy Nasdaq Composite losing 2.9% and the broad-based S&P 500 down 2.3%, their worst weeks since March. The blue-chip Dow Jones Industrial Average fell 1.1%.
These losses followed data showing weaker-than-anticipated jobs growth in July, as well as disappointing hardware sales from tech behemoth Apple (NASDAQ:AAPL).
The focus of attention this week will be on Thursday’s release of the latest consumer inflation data, which could give traders further insight into the potential policy path ahead for the Federal Reserve.
The consumer price index for July is expected to accelerate to 3.3% annually, up from 3.0% in the prior month, while the core figure, which strips out volatile items like food and energy, is projected to slow to 4.7% year-on-year.
Producer prices, on Friday, will complete the inflation outlook, with core PPI expected to rise by 2.3% from a year earlier.
The slate is quiet Monday, but several Fed officials are due to speak, including Philadelphia Fed President Patrick Harker and Fed Governor Michelle Bowman.
The corporate sector is entering the final stretch of the second-quarter earnings season. According to FactSet data cited by CNBC, more than 84% of the businesses in the S&P 500 have already reported, with about four-fifths of these numbers topping Wall Street expectations.
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