Early signs from the U.S. Futures Index suggest that Wall Street might open lower on Monday.<\/p>\n
Consumer, and Producer prices as well as Inflation data will be of interest to investors this week.<\/p>\n
Networking major Cisco (CSCO), retail giants Walmart (WMT), Home Depot (HD) and Target (TGT) have scheduled their quarterly results this week.<\/p>\n
U.S. President Joe Biden and his Chinese counterpart Xi Jinping will be meeting in San Francisco this week.<\/p>\n
As of 6.35 am ET, the Dow futures were declining 25.00 points, the S&P 500 futures were down 10.25 points and the Nasdaq 100 futures were sliding 46.50 points.<\/p>\n
The U.S. major averages ended Friday’s session near their best levels of the day. The Nasdaq soared 276.66 points or 2.1 percent to 13,798.11, the S&P 500 spiked 67.89 points or 1.6 percent to 4,415.24 and the Dow jumped 391.16 points or 1.2 percent to 34,283.10.<\/p>\n
On the economic front, the Treasury Statement for October will be issued at 2.00 pm ET. The consensus is for a deficit of $49.8 billion, while the deficit in the prior month was $170.9 billion. <\/p>\n
The six-month Treasury bills auction will be held at 11.30 am ET. Three-month Treasury Bill Auction will be held at 11.30 am ET. <\/p>\n
Asian stocks turned in a mixed performance on Monday.<\/p>\n
China’s Shanghai Composite index rose 0.25 percent to 3,046.53. Hong Kong’s Hang Seng index gained 1.30 percent close at 17,426.21.<\/p>\n
Japanese shares gave up early gains to end on a flat note. The Nikkei average finished marginally higher at 32,585.11. The broader Topix index settled with a negative bias at 2,336.62.<\/p>\n