Outlook 02/24: Stock futures move higher early Monday as traders looked to bounce back from a slide late last week. Those declines came after February data raised concern over the state of the U.S. economy. Purchasing managers’ index numbers showed the U.S. services sector contracted for the month, while the widely followed University of Michigan’s consumer sentiment index came in weaker than expected. The week ahead includes key readings on corporate earnings and the economy. Earnings reports from Home Depot and Lowe’s on Tuesday and Wednesday, respectively, will give investors a better sense of how U.S. consumers are faring. Nvidia’s earnings report on Wednesday evening could be even more impactful, as the artificial intelligence-linked chipmaker is still one of the biggest stocks by market cap. Then Friday will deliver the January reading of the personal consumption expenditures index, Federal Reserve’s preferred measure of inflation.
ESH25 (MAR2025): YVAH 6097 YPOC 6034 YVAL 6024 GAP 6033
/ES Plan: Last session market closed bearish, but overnight looks bullish (PBT 6084), still moving within previous value, so these're the opening and initial balance options for current session:
