US Stock Futures Mixed as Investors Await Fed Minutes and Retail Earnings
US stock futures began the week on a mixed note as investors await crucial data points, including the Federal Reserve's meeting minutes and key retail earnings releases. The S&P 500's recent record-breaking performance has been driven by strong quarterly results from companies, but market sentiment remains cautious due to geopolitical risks in the Middle East and uncertainty over AI investments.
Despite softer-than-expected inflation readings and weaker retail sales data easing concerns of an imminent Federal Reserve rate hike, energy markets remain volatile. Brent crude oil prices surged to $89.14 a barrel on Monday, while West Texas Intermediate crude futures edged 0.18% higher to $82.55 amid ongoing tensions around the Strait of Hormuz.
This week's economic calendar is relatively light, but notable events include Walmart's earnings report scheduled for Thursday and the release of Federal Reserve meeting minutes on Wednesday. Additionally, major retailers Home Depot and Lowe's will share their financial updates on Tuesday and Wednesday, respectively.