Stocks Set to Open Lower as Investors Eye Key Data, Earnings Amid High Inflation
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U.S. stock futures were down early Monday as investors return from holiday weekend and digest important economic data releases this week.
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Gold prices hit 6-month high, boosted by weaker dollar; Goldman Sachs raises 12-month price target to $2,050/ounce.
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Core PCE inflation data on Thursday will give key indication of whether Fed's rate hikes are slowing inflation as expected.
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Early Black Friday sales data shows consumers still spending strongly, though Cyber Monday sales will also be watched closely.
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Multiple major companies set to report earnings this week, including Zscaler, Intuit, HP Enterprise, CrowdStrike, VMware, Snowflake, Dollar Tree, and Kroger.