Scroll to Top

Earnings, oil in focus for traders on Wall Street

By dailymail / Published on Monday, 17 Jul 2017 11:09 AM / No Comments


Traders work on the floor of the New York Stock Exchange on June 8, 2017 in New York.

Bryan R. Smith | AFP | Getty Images

Traders work on the floor of the New York Stock Exchange on June 8, 2017 in New York.

Netflix and BlackRock will be some of the major names kicking off earnings week this Monday , with investors also looking for results out of J.B. Hunt Transport and Brown & Brown, Inc.

Investors will also be looking out for the Empire State Manufacturing survey, slated to come out at 8.30 a.m. ET.

Last Friday, data revealed that consumer prices remained unchanged in June and retail sales fell for the second straight month. The economic news is likely to dampen expectations of strong economic growth in the second quarter; with investors wondering what this may mean for rate hike strategy by the Federal Reserve going forward.

Meanwhile, oil futures were fluctuating between gains and losses in morning trade, initially boosted by signs that growth of rigs looking for crude in the U.S. was slowing down. At 5.10 a.m. ET on Monday, U.S. crude was trading around $46.45, while Brent hovered around $48.82.

In the political sphere, investors will be keeping an eye out for any more noise coming out of the White House, as the Russia-linked scandal continues to cause reverberations in markets.