Stocks on Course to Extend Gains -- WSJ

By Caitlin McCabe

Global stocks are kicking off a new trading week on a high note, after the SP 500 finished last week at a new all-time high.

U.S. stock futures are ticking up before the opening bell. Indexes in Asia finished higher, too. A pan-continental gauge of European stocks oscillated between small gains and losses.

Oil prices are edging higher, with Brent crude futures trading around $84 a barrel, as investors await major updates from the war with Iran. Over the weekend, Tehran laid out a list of demands for opening the Strait of Hormuz, including the U.S. withdrawing its forces, ending all sanctions and paying war reparations.

Focus remains on U.S. economic data and corporate results as second-quarter earnings season enters its final innings. It has been a blockbuster by several measures, with the SP 500 headed for a seventh consecutive quarter of double-digit earnings growth.

Meanwhile, the big event this week will be Wednesday's inflation report for July. Economists expect it will show consumer prices up 3.4% from a year earlier, a slight improvement from the 3.5% inflation rate in June.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

August 10, 2026 05:27 ET (09:27 GMT)