Results for: Retail Earnings

U.S. pre-market futures are showing a positive trend, with the Dow, S&P 500, and Nasdaq all experiencing gains. Jobless claims remain relatively stable, although there are signs of a plateau in the labor market. Retail earnings are mixed, with Williams-Sonoma facing a sell-off despite exceeding earnings estimates while BJ’s Wholesale sees a ‘sell the news’ moment despite beating expectations on both top and bottom lines. Key economic data releases are expected later today, including S&P flash PMI Services and Manufacturing results, and Existing Home Sales for July.

Wall Street is expected to open higher on Tuesday, fueled by optimism over anticipated benign inflation data that could pave the way for a rate cut. The producer price inflation report, due out before the market opens, is projected to show further easing of price pressures at the wholesale level, potentially foreshadowing tame consumer price inflation data. However, Home Depot’s weak guidance is casting a shadow on the retail sector, which is about to enter a wave of earnings releases.