Stock
futures
rose
slightly
on
Sunday
evening
as
Wall
Street
looked
to
shake
off
a
rough
start
to
August.
Futures
tied
to
the
S&P
500
ticked
up
0.2%.
Those
for
the
Nasdaq
100
gained
0.3%,
while
Dow
Jones
Industrial
Average
futures
added
0.1%,
or
31
points.
The
moves
come
after
stocks
have
struggled
to
sustain
their
rally
in
the
late
summer.
Last
week,
the
S&P
500
and
Nasdaq
Composite
fell
0.31%
and
1.90%,
respectively.
It
was
the
Nasdaq
Composite’s
first
two-week
losing
streak
of
the
year.
The
Dow
Jones
Industrial
Average,
however,
gained
0.62%
for
its
fourth
positive
week
in
five.
The
upcoming
week
could
be
driven
by
insights
into
the
state
of
the
U.S.
consumer,
with
earnings
reports
due
from
Home
Depot,
Target
and
Walmart.
Retail
sales
data
from
July
is
also
due
out
on
Tuesday
morning.
The
earnings
reports
are
coming
after
a
mixed
batch
of
inflation
reports
last
week,
which
show
that
price
increased
have
eased
from
their
post-pandemic
peak
but
are
still
above
the
Federal
Reserve’s
2%
target.
“One
open
question
is
if
businesses
will
seek
to
preserve
their
profit
margins
by
passing
increased
wholesale
prices
onto
customers
and
if
they
do
so,
if
customers
balk
at
the
increases.
The
potentially
higher
prices
would
also
influence
future
CPI
readings,
which
in
turn
could
provide
more
fodder
for
hawkish
members
of
the
Fed’s
Federal
Open
Market
Committee
to
argue
for
additional
rate
hikes.
Meanwhile,
corporate
earnings
are
showing
the
strain
of
a
slowing
economy
and
higher
financing
costs,”
Jose
Torres,
senior
economist
at
Interactive
Brokers,
said
in
a
note
to
clients
on
Friday.
