HomeFinancial MarketsU.S. Futures Rise as Investors Await Retail Earnings

U.S. Futures Rise as Investors Await Retail Earnings

U.S. stock futures rose on Monday as the majority of mega-cap growth stocks grow following a mass selloff during the previous session. While U.S. stocks have realized significant gains this year, August saw a loss in momentum. Now, investors turn their focus to an inbound wave of earnings reports from premium bog box stores.

Dow e-minis were up 69 points, or 0.2% early Monday, while S&P 500 e-minis were up 11.5 points, or 0.26%. Nasdaq 100 e-minis gained 60.75 points, or 0.4%. Contrary to the trajectory of New York stocks indices, AMC Entertainment common shares plunged by 26.8% during premarket trading after a Delaware judge approved the movie theatre company’s revised stockholder settlement last Friday. Shares in EV maker Nikola slumped by 15.4% after the company decided to recall all of its battery-powered electric trucks after some lithium batteries caught fire.

Among the big box giants that are set to release their second-quarter earnings this week are Walmart, Target, and Home Depot. The U.S. July retail sales report is also set to be released on Tuesday.

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