Stock futures tick lower on Sunday night after a record week for the S&P 500: Live updates
S&P 500 futures and Nasdaq 100 futures both slipped, with the former down 0.1% and the latter down 0.16%.
Last Friday, the S&P 500 closed above 5,000 for the first time, while the Nasdaq Composite added 1.25%. However, the Dow Jones Industrial Average slid 0.14%.
All three major indexes are coming off their fifth consecutive week of gains, with the S&P 500 and Nasdaq Composite up 1.4% and 2.3%, respectively.
Over 60 companies in the S&P 500 are set to release earnings this week, including gig economy stocks Lyft, Instacart, and DoorDash. Companies like AutoNation, Kraft Heinz, Hasbro, and Coca-Cola will also provide insights into the state of the U.S. consumer.
Traders will be closely watching the release of the consumer price index (CPI) on Tuesday, along with other key economic data later in the week. This includes retail sales, production, imports and exports, housing starts, and the producer price index (PPI).
Market expectations remain bullish, with the anticipation that the majority of earnings will be strong and the economy will continue to rally.