US pre-open: Stocks flat as investors look ahead to Q2 earnings

(Sharecast News) - Wall Street futures were little changed ahead of the bell on Monday as investors braced for the beginning of Q2 corporate earnings season later in the week. As of 1230 BST, Dow Jones futures were up 0.01%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.04% and 0.03% lower, respectively.

The Dow closed 67.87 points higher on Friday, reversing losses recorded in Wednesday's truncated session.

Market participants will patiently await the release of earnings from a number of major US banks later in the week, as well as quarterly numbers from the likes of PepsiCo and Delta Air Lines.

June's consumer price index, slated for release on Thursday, will also draw much investor attention, as will last month's producer price index on Friday.

Markets.com's Neil Wilson said: "Markets have little data to go on today and we are still digesting the payrolls report from Friday, which showed more weakness in the US labour market. Unemployment ticked up to 4.1% and revisions were soft. I spy weakness. For instance, there were big downward revisions in April and May, plus the share of people unemployed for longer than 15 weeks rose to its highest since the pandemic."

On the macro front for Monday, May consumer credit change figures will be published at 2000 BST.

Reporting by Iain Gilbert at Sharecast.com