U.S. stocks were headed for a lackluster start as investors returned from a long weekend to focus on quarterly results from several financial firms.
Citigroup posted a loss of 33 cents per share, in-line with expectations, but its revenue was much lower than expected. There are 57 companies in the S&P scheduled to report this week, many of which are financials including Bank of America, American Express, Morgan Stanley, Wells Fargo, and others. Another notable reporting today after the bell is IBM.
On the economic front, the National Association of Home Builders will put out its monthly sentiment index at 1:00 pm ET, with economists looking for a slight uptick. Tomorrow we will get data on housing starts and producer prices, and on Thursday we will get the weekly jobless claims number and the index of leading economic indicators. There are no reports scheduled for Friday.
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