Stock futures signal modest Wall Street gains ahead of retail earnings week

Stock futures signal modest Wall Street gains ahead of retail earnings week

Data from U.S. stock index futures signaled that Wall Street was on track to make moderate gains for Monday just days ahead of a critical retail earnings report as well as housing data.

As the second-quarter earnings season is about to come to an end, many await results from major retailers such as Walmart Inc, Home Depot Inc, and Target Corp by the end of the week.

As of Friday, a majority of companies listed in the S&P 500 index have posted their earnings report, with 81.4% of them reporting slightly better-than-expected results, according to data from Refinitiv.

S&P 500 e-minis gained 0.22% to 7.25 points in a volume of 7,955 contracts, while Nasdaq e-minis gained 0.21% to 23.25% in a volume of 2,919 contracts.

Meanwhile, Dow e-minis gained 0.2% to 56 points in a volume of 2,243 contracts changing hands.

In other news, home sales data is also expected to be released this week, with investors expressing optimism for better results as specific sectors recovered faster than others from a virus-hit economy.

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