S&P 500 Futures Climb in Premarket Trading; Talen Energy, Constellation Energy Lag

Key Takeaways

Futures tied to the S&P 500 climbed ahead of the opening bell Monday, suggesting the benchmark could add to last week’s record close amid a batch of earnings and economic data.

Talen Energy and Constellation Energy shares fell after disappointing quarterly results.

S&P 500 Futures Point to a Higher Open

Contracts linked to the S&P 500 were up 0.2% in premarket trading, indicating the index could rise for a sixth straight session.

The broad market gauge ended last week at a fresh record, helped by a better-than-expected jobs report and easing concerns about inflation.

Trading volume is expected to be subdued ahead of the Memorial Day holiday in the United States on Monday.

Talen Energy, Constellation Energy Lag

Talen Energy slid 2.2% in premarket trading after the power producer reported a wider-than-expected loss for the first quarter.

Constellation Energy declined 1.2% after the utility provider reported a drop in quarterly profit.

Both companies cited rising fuel and other costs as challenges in the current environment.

Looking Ahead

Several major retailers, including Home Depot, Lowe's and Target, are scheduled to report quarterly results this week.

Economic data to watch includes existing home sales and consumer confidence figures.

Traders will also be monitoring developments in the Russia-Ukraine conflict and the latest headlines on inflation.