Futures mixed in a big week for retailers as new questions rise over the consumer state of mind
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People walk past the Nasdaq MarketSite, Thursday, Aug. 6, 2026, in New York. /Yuki Iwamura)
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A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. /Yuki Iwamura)
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People walk in the rain near electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Aug. 13, 2026, in Tokyo. /Eugene Hoshiko)
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Specialist Michael Pistillo works on the floor of the New York Stock Exchange, Wednesday, Aug.. 5, 2026, in New York. /Yuki Iwamura)
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People walk past the Nasdaq MarketSite, Thursday, Aug. 6, 2026, in New York. /Yuki Iwamura)
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People walk past the Nasdaq MarketSite, Thursday, Aug. 6, 2026, in New York. /Yuki Iwamura)
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A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. /Yuki Iwamura)
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A general view shows the New York Stock Exchange, Friday, Aug. 7, 2026, in New York. /Yuki Iwamura)
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People walk in the rain near electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Aug. 13, 2026, in Tokyo. /Eugene Hoshiko)
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People walk in the rain near electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Aug. 13, 2026, in Tokyo. /Eugene Hoshiko)
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Specialist Michael Pistillo works on the floor of the New York Stock Exchange, Wednesday, Aug.. 5, 2026, in New York. /Yuki Iwamura)
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Specialist Michael Pistillo works on the floor of the New York Stock Exchange, Wednesday, Aug.. 5, 2026, in New York. /Yuki Iwamura)
By
ELAINE KURTENBACH and MICHELLE CHAPMAN
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]
Futures are mixed ahead of a big week for major retailers as new questions emerge about the state of the U.S. consumer, a major engine powering the American economy
The S&P 500 edged 0.1% higher, while Dow Jones Industrial Average futures slipped 0.2%. Nasdaq futures gained 0.5%
U.S. stocks hit an all-time high last week despite some recent downbeat data about jobs and, most notably last week, retail spending
Americans unexpectedly pulled back on retail spending in July by the biggest amount in more than a year, according to the Commerce Department data released Friday
Walmart and Target both post second quarter earnings this week, with Target surging under new CEO Michael Fiddelke, a 20-year company veteran who took over in February. Home improvement companies Home Depot and Lowe’s also report quarterly earnings this week
The entire sector is wrestling with stubbornly high inflation and customers that are laser focused on prices
The weak jobs and retail data has diminished the odds of any interest rate hike from the Federal Reserve. That’s good for markets because it lowers the cost of credit, but it may also suggest slowing growth at a time when inflation is elevated
The Fed has no good tool to fix a stagnating economy and high inflation at the same time, making so-called “stagflation” a worst-case scenario
The Fed is set to report minutes from its July meeting on Wednesday, which will provide more details about its thinking on interest rates
Oil prices rose Monday with Iran saying it is working with Oman on a plan to manage the transit of ships through the Strait of Hormuz
Global oil supplies have been squeezed because about 20% of the world’s crude is transited through the strait on a typical day. Iran effectively shut down the strait after it was attacked by the U.S. and Israel in late February
Brent crude, the international standard, rose 1.1% to $89.50 per barrel, while U.S
In European trading, Germany’s DAX dipped 0.9% at 26,416.57, while the CAC 40 in Paris lost 0.2% to 8,622.43
Britain’s FTSE 100 gained 0.1% to 10,751.53
Tokyo’s Nikkei 225 index gained 0.7% to 69,220.25 after the Japanese government reported the economy grew slightly faster than forecast in the April-June quarter. In quarterly terms, the economy grew 0.3% in the second quarter of the year
The U.S. dollar fell to 159.17 Japanese yen from 159.32 yen. The euro rose to $1.1600 from $1.1588
ELAINE KURTENBACH
