US Futures Flat as Oil Rises on Houthi Attacks
US equity futures traded mostly flat Monday morning before a week packed with major corporate earnings and key economic indicators. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all moved by just 0.1 percent, with the first two gaining slightly and the Nasdaq slipping. The market awaited September data on the producer price index and retail sales, alongside the start of the quarterly earnings season. JPMorgan Chase, Johnson & Johnson, UnitedHealth, Goldman Sachs, Wells Fargo, Citigroup, ASML, Bank of America, Morgan Stanley, BlackRock, Taiwan Semiconductor Manufacturing, and Charles Schwab are scheduled to report their financial results this week. Oil prices climbed following weekend attacks on King Khalid International Airport in Riyadh, Saudi Arabia. Front-month North Sea Brent crude rose 1.4 percent to $106.16 per barrel, while US West Texas Intermediate crude increased 1.5 percent to $93.18 per barrel. President Donald Trump said on Sunday that he is considering joining the fight against Iran-backed Houthi forces, according to multiple media outlets. The Houthis are engaged in a ground war in Yemen against the government, which receives support from Saudi Arabia. Federal Reserve Bank of Cleveland President Beth Hammack is scheduled to speak on Monday.
US equity futures traded mostly flat Monday morning before a week packed with major corporate earnings and key economic indicators. The Dow Jones Industrial Average, S&P 500, and Nasdaq futures all moved by just 0.1 percent, with the first two gaining slightly and the Nasdaq slipping. The market awaited September data on the producer price index and retail sales, alongside the start of the quarterly earnings season. JPMorgan Chase, Johnson & Johnson, UnitedHealth, Goldman Sachs, Wells Fargo, Citigroup, ASML, Bank of America, Morgan Stanley, BlackRock, Taiwan Semiconductor Manufacturing, and Charles Schwab are scheduled to report their financial results this week. Oil prices climbed following weekend attacks on King Khalid International Airport in Riyadh, Saudi Arabia. Front-month North Sea Brent crude rose 1.4 percent to $106.16 per barrel, while US West Texas Intermediate crude increased 1.5 percent to $93.18 per barrel. President Donald Trump said on Sunday that he is considering joining the fight against Iran-backed Houthi forces, according to multiple media outlets. The Houthis are engaged in a ground war in Yemen against the government, which receives support from Saudi Arabia. Federal Reserve Bank of Cleveland President Beth Hammack is scheduled to speak on Monday.