U.S. stock futures pointed to a mixed open Monday, with investors looking ahead to a week packed with major bank earnings and key inflation data.
S&P 500 futures were up 0.1%, with Dow Jones Industrial Average futures adding 53 points, or 0.1%, while Nasdaq 100 futures edged down 0.1%. U.S. bond markets are closed Monday for Columbus Day.
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo are all expected to report third-quarter results this week, according to CNBC. September consumer price index data is due Wednesday, followed by the producer price index on Thursday. Federal Reserve Chair Kevin Warsh is also scheduled to appear Thursday at an IMF and World Bank summit in Bangkok, according to The Wall Street Journal.
The S&P 500 is on track to post 29.6% earnings growth for the third quarter, which would mark the fourth consecutive quarter of above-25% growth, according to CNBC, citing FactSet's John Butters. Still, what executives say about the pressure from higher fuel and borrowing costs is likely to draw more investor attention than the reported figures themselves.
"Investors have kind of narrowed in on some of the important aspects," Br...