Traders work on the floor of the New York Stock Exchange.
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U.S. stock futures were little changed Sunday night, after the S&P 500 climbed for a third straight week though it ended Friday lower
Dow Jones Industrial Average futures rose 11 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures climbed 0.1% and 0.2%, respectively
Asia-Pacific markets opened mixed Monday. Japan’s Nikkei 225 added 0.4%, while Australia’s benchmark S&P/ASX 200 was down 0.39%. South Korean markets were closed for a holiday
Wall Street is coming off three consecutive weeks of gains for the S&P 500, which again notched fresh all-time highs last week following a blockbuster earnings season that’s buoyed investor sentiment. The stock market has continued to climb in the face of ongoing hostilities in the Middle East, as well as concerns around the artificial intelligence trade
“Investors appear increasingly comfortable with the current backdrop, leaving the bears with fewer and fewer narratives to chew on,” Mark Hackett, chief market strategist at Nationwide, wrote on Friday. “The more tests that the bulls pass, the more emboldened they are to push equity markets higher.”
Investors are in for a week with fewer catalysts on the calendar, though the Federal Reserve posts its latest meeting minutes Wednesday. A slew of retail earnings are also on tap, with Walmart results due out Thursday. Home Depot and Lowe’s report Tuesday and Wednesday, respectively
On the economic front, investors will be watching for the August Empire State manufacturing index, as well as the NAHB Housing Market Index for August
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Japan’s Nikkei 225 opens higher even as quarterly economic growth misses estimates
Asia-Pacific markets opened mixed Monday
Japan’s Nikkei 225 added 0.4%, while the Topix declined 0.11% after Japan’s economy expanded 1.1% in the second quarter on an annualized basis, missing expectations for 2% growth
Australia’s benchmark S&P/ASX 200 was down 0.39%, while South Korean markets were closed for a holiday
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Asia-Pacific markets set for mixed open as investors await Japan GDP, China economic data
Asia-Pacific markets were set for a mixed open Monday, with futures pointing to gains in Japan and Hong Kong while Australian shares were poised to fall
Japan’s Nikkei 225 Chicago futures contract was trading at 68,900 and its Osaka counterpart was last at 68,720 compared with the index’s previous close of 68,713.8
Hong Kong’s Hang Seng index futures last traded at 25,247, above the benchmark’s close of 25,116.85
Futures for Australia’s S&P/ASX 200 last traded at 9,015 compared with the index’s last close of 9,115.2
South Korea markets are closed for a holiday
Investors will be looking ahead to Japan’s preliminary second-quarter GDP reading, as well as China’s July industrial production and retail sales data
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Stock futures open little changed
Stock futures opened little changed Sunday night
Dow Jones Industrial Average futures were flat. S&P 500 futures and Nasdaq 100 futures rose 0.1% and 0.2%, respectively
— Sarah Min
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