U.S. stocks slipped on Monday as oil prices surged amid escalating U.S.-Iran tensions following the expiration of a 60-day ceasefire. The S&P 500 and Dow fell 0.5% while the Nasdaq declined 0.3%, trimming gains from three straight weeks of rallies. Retail earnings from Walmart, Target, and Home Depot dominate the week ahead.
→ Fed FOMC minutes on Wednesday—watch for details on recent dissents and rate path signaling from Chair Kevin Warsh
→ Retail earnings calendar—Target, Walmart, Home Depot reports will signal whether consumer spending recovered from July's 0.6% sales drop
→ Economic calendar tightens: NAHB Housing Index, housing starts/permits, and industrial production due this week