U.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing.
As of Friday, 457 companies in the S&P 500 have posted results, of which 81.4% have come in above a decidedly low expectations bar, according to Refinitiv data.
Housing starts and existing home sales data releases are due this week, both of which are expected to have increased, lending further evidence that housing is bouncing back from a pandemic-induced recession faster than other sectors. Market participants remain hopeful that Washington will pass a fresh stimulus package, weeks after emergency unemployment benefits expired for millions of Americans.* Nasdaq 100 e-minis were up 23.25 points, or 0.21%, in volume of 2,919 contracts.* Benchmark 10-year note futures last rose 1/32 in price.
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