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Stock futures point to modest Wall Street gains ahead of big retail earnings week

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U.S. stock index futures indicate Wall Street will make moderate gains on Monday as retail earnings queue up and with housing data in the offing.

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermidSecond-quarter earnings season is mostly over, with major retailers yet to post results.

Housing starts and existing home sales data releases are due this week, both of which are expected to have increased, lending further evidence that housing is bouncing back from a pandemic-induced recession faster than other sectors. Market participants remain hopeful that Washington will pass a fresh stimulus package, weeks after emergency unemployment benefits expired for millions of Americans.Advertisement* Dow e-minis were up 56 points, or 0.2per cent, with 2,243 contracts changing hands.

 

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