Wall Street drifted lower early today, the Associated Press reports, as investors look ahead to a week flush with potential market-moving news. Futures for the S&P 500 slipped 0.5% before the bell, and futures for the Dow Jones Industrial Average fell 0.4%.
With just a handful of notable companies left to report earnings this week, markets’ focus will turn to the latest inflation data coming Tuesday in the form of the government’s consumer prices report. Other impactful data coming this week include a report on inflation at the wholesale level and the latest retail sales data.
In other trading early today, U.S. benchmark crude oil shed 40 cents to $77.61 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude oil, the international standard, declined 35 cents to $81.73 per barrel.
The U.S. dollar fell to 146.70 Japanese yen from 147.07 yen.
