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Stocks Poised to Open Higher

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Economists expect the Bureau of Labor Statistics to report a gain of 172,500 nonfarm payrolls for August on Friday, a slowdown from July’s 187,000 jobs.

U.S. stocks are poised to rise on Monday, ahead of fresh U.S. labor data that could influence the Federal Reserve’s next Federal Open Market Committee’s meeting and interest-rate decision from Sept. 19-20.

Crude oil futures climbed 0.5% to $80.25 a barrel. Brent crude, the international standard, gained 0.4% to $84.31 a barrel. Brown-Forman, Chewy, Five Below, Okta, Pure Storage, and Salesforce report earnings on Wednesday; and 1-800-Flowers.com, Broadcom, Campbell Soup, Dollar General, Hormel Foods, J.Jill, Lands’ End, Ollie’s Bargain Outlet, and Signet Jewelers report on Thursday.

On Tuesday, the Bureau of Labor Statistics will publish the results of the Job Openings and Labor Turnover Survey of job openings, hires, and separations for August; S&P CoreLogic will release its Case-Shiller National Home Price Index for June; and the Conference Board will release its Consumer Confidence Index for August.

 

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