Stock futures pointed to a slightly lower open on Monday, as investors considered what the weekend’s short-lived challenge to Putin by armed mercenaries in Russia means for markets.
After switching between gains and losses in earlier going, futures on the S&P 500 (^GSPC) fell 0.09%, while those on the Dow Jones Industrial Average (^DJI) were down less than 10 points, or broadly unchanged. Futures on the tech-heavy Nasdaq Composite (^IXIC) dropped 0.16%.
Gold prices rose about 0.5%, a sign that some investors may be seeking a safe haven as they wait for clarity about the Russia turmoil. The country has largely been cut off from global financial markets since its invasion of Ukraine, which could limit any impact.
With data on PCE inflation and consumer confidence due later this week, investors may well return to focusing on the Federal Reserve’s next moves with inflation data, after Chair Jerome Powell hinted at more rate increases to come last week.
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