Though first-quarter earnings season is winding down, a handful of major companies will still be reporting results this week, including some of the newly public names like Airbnb, Roblox and Bumble. The Commerce Department's retail sales report is also set for release, offering another update on the strength of consumer spending during the economic recovery.
Stocks rose on Monday amid speculation that interest rates will remain low for an extended period due to the receding risk of a rapid acceleration in inflation, while oil prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets. U.S. stock futures rose 0.12%. U.S. nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, which gave equities a lift but put downward pressure on the dollar and U.S. Treasury yields.
It’s another busy week ahead on the economic calendar. While stats will influence, central bank chatter in the week, and COVID-19 vaccine news will also infuence.