From the Wall Street Journal’s "Stock Futures Edge Down Ahead of Retail Earnings" posted early Tuesday:
- U.S. stock futures were little changed ahead of earnings from Walmart and Home Depot that are expected to provide some insight into the impact of inflation on corporate margins and consumer spending.
- Oil prices extended their decline into a third trading session on concerns about global economic growth and potential higher supply if the Iran nuclear deal is revived. Global crude benchmark Brent fell 0.8% and traded at $94.39 a barrel.
- The U.S. bond market continued to flash a recession signal, with the yield curve inverted. The 10-year bond yield was at 2.806%, while the 2-year yield reached 3.218%.
Charts: Yahoo!Finance sees a bullish triple-moving-average-crossover pattern. Max pain stays at $160 with the same call mountain and put peak at $145.