Biden: The US President will hold a summit at the White House to discuss aid to Ukraine and how to avoid a government shutdown. Joe Biden will also be on the ballot in Michigan's Democratic primary. While he is expected to win easily, the race may provide insight into how voters — especially Arab Americans — in the key swing state feel about the president's stance on the war in Gaza.
Lowe's: The retailer is expected to report an 18 percent decline in revenue to $18.4 billion in the fourth quarter, as consumers curb spending on home improvement projects. Analysts polled by LSEG expect earnings to increase 11 cents to $1.69 per share. Investors will also be keen to learn more about its outlook for the current financial year after rival Home Depot said last week it expects sales growth to rebound.
Other companies: Constellation Energy, JM Smucker, Norwegian Cruise, and Macy's report earnings before the bell. Cava, eBay and Bumble will report after the bell.
Durable Goods: Orders for durable goods such as washing machines and aircraft are expected to decline 4.5% month-over-month in January, driven by an expected decline in Boeing Co. orders. Meanwhile, new orders for non-defense capital goods excluding aircraft, a proxy for business investment, are expected to increase 0.1 percent from a 0.2 percent increase in December.
US real estate market: The 20-city Case-Shiller composite index is expected to show home prices rose 6 percent annually in December, according to an LSEG poll of economists.
US Consumer Confidence: The Conference Board is expected to report a slight increase in consumer confidence in February.
