Dow Jones futures turned lower Monday morning, as investors prepared for a big week of retail earnings. Meanwhile, Cathie Wood’s Ark Innovation ETF (ARKK) sold more than 31,000 shares of Tesla stock. The electric-vehicle giant skidded after lowering the starting prices of its Model Y car in China.
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On the economic front this week, July retail sales on Tuesday will be closely watched, after June’s report showed a smaller-than-expected increase as sales slowed for service stations and building materials stores.
Home building markets also are due for a solid dose of data, with builder sentiment from the National Association of Homebuilders on Tuesday and the Commerce Department’s July housing starts and permits on Wednesday.
Retail earnings take the spotlight this week, with results from Dow Jones names Walmart (WMT) and Home Depot (HD). Outside of retail, Cardinal Health (
