Pre-market, futures are mixed while Greece’s debt talks are still in limbo, and U.S. companies continue to report earnings. Gainers this morning include CHK, SWN, EQT, CNX and COG while losers include NFLX, PHM, CCL, HAL and COP. Light crude is up +0.67% at 98.99 and gold is up +0.42% at 1,671.00.
The Federal Reserve starts a two-day meeting on Tuesday, and for the first time ever, the central bank will release forward-looking forecasts for the federal funds rate.
The government releases its first estimate of fourth-quarter economic growth on Friday.
European stocks gained in morning trading.
Markets in Hong Kong and China are closed Monday for Chinese New Year.
Japan’s Nikkei ended flat.
Earnings reports: TXN-Texas Instruments (earnings consensus $0.39), VMW-VMware (0.69), HAL-Halliburton (0.99), CSX-CSX Corp. (0.44), KSU-Kansas City Southern (0.79), WDC-Western Digital (0.71), ALB-Albemarle (1.10), ZION-Zions Bancorporation (0.33), PLCM-Polycom (0.29), WWD-Woodward (0.45), CR-Crane (0.90), ELS-Equity Lifestyle Properties (0.15), PKG-Packagng Corp of America (0.37), BOH-Bank of Hawaii (0.82), CATY-Cathay General Bancorp (0.29).
1130 ET Weekly 3-mo and 6-mo T-bill auctions.