Mixed US Stock Futures Ahead of Retail Earnings Week and Reduced Fed Hike Odds
U.S. stock futures were mixed on Monday as the Dow Jones index slipped and the Nasdaq 100 and S&P 500 futures rose, following Friday's lower close.
The market is facing a pivotal retail earnings week to gauge consumer health, with major retailers such as Home Depot Inc., Target Corp., TJX Companies Inc., and Walmart Inc. set to report their quarterly results.
Meanwhile, the Federal Reserve's interest rate hike expectations for September have fallen to 30.6% following in-line inflation numbers.