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Stocks are poised to extend last week’s losses, with futures trading lower on Sunday after the S&P 500’s worst week since 2023.
Investors are looking ahead to the August inflation report on Wednesday, which could influence the Federal Reserve’s Sept. 18 decision on interest rates.
At 6:19 p.m. ET on Sunday, Dow Jones Industrial Average futures were down 0.1%, or 30 points, while the S&P 500 futures were down 0.1%, and Nasdaq futures were down 0.1%.
Stocks started out September on a down note after a weaker than expected jobs report fanned fears about a recession. The S&P fell 4.3% last week, its worst week since March 2023. The Dow fell 2.9%, also its worst week since March 2023. The Nasdaq fell 5.8%, its worst week since January 2022.
Investors will turn their attention to Wednesday’s consumer price index. Few companies are slated to report earnings this week, though Oracle will report on Monday, and GameStop will report on Tuesday.
Adobe , Big Lots , Kroger , RH, and Signet Jewelers report on Thursday.
Also on Monday, the Commerce Department will release merchants’ wholesale inventories for July, and the Federal Reserve will release consumer credit figures for August.
On Tuesday, the National Federation of Independent Business will release its Small Business Optimism Index for August.
On Thursday, the BLS will release the producer price index for August; the Labor Department will report initial jobless claims for the week ended Sept. 7; and the Fed will release its Financial Accounts of the U.S., including total household net worth data for the second quarter.
Also Thursday, the European Central Bank is widely expected to cut its short-term interest rate target for the second time this year.
On Friday, the University of Michigan will release its Consumer Sentiment Index for September.
Write to Janet H. Cho at janet.cho@dowjones.com
