Walmart and Target report quarterly results this week as investors assess U.S. consumer health. These earnings follow a government report showing an unexpected drop in July retail sales.
Analysts expect year-over-year growth in both revenue and earnings for both retailers. Investors will monitor whether shoppers are prioritizing value or reducing discretionary spending.
U.S. stock futures remained flat. Oil prices held steady after rising over 5% last week amid tensions in the Strait of Hormuz.