- Out of the cluster set to report earnings, investors will be paying close attention to Halliburton, Hasbro, Illinois Tool Works, Luxottica Group, Alphabet, TD Ameritrade and Whirlpool’s results.
- On the economic front, existing home sales are due out at 10 a.m. ET.
U.S. stock index futures pulled back ahead of Monday’s open, as investors monitored developments seeping out of the corporate and political spheres.
Around 5:35 a.m. ET, Dow futures rose 4 points, but indicated a negative open of 5.12 points. The Nasdaq and the S&P 500 futures indicated a muted start to trading.
News out of the U.S. administration continues to shake up sentiment across the globe Monday, with international markets falling into the red before the Wall Street open. Markets have been on edge following recent comments by the U.S. President Donald Trump who said he was “not thrilled” about rising interest rates, and expressed concern that the U.S. central bank could upset the economic recovery.
Late Sunday evening, Trump threatened Iran’s leader Hassan Rouhani to “never, ever threaten” the U.S. again or else “suffer consequences”. The tweet comes shortly after President Rouhani issued his own warning to Trump about pursuing hostile policies against Tehran.
At a G-20 meeting in Argentina over the weekend, finance leaders from the world’s biggest economies called for more dialog to help prevent geopolitical and trade tensions from negatively impacting global economic growth, according to Reuters.
While investors will be keeping a close eye on turbulence in the political sphere, fresh corporate earnings are scheduled to be released on Monday. Out of the cluster set to report, investors will be paying close attention to Halliburton, Hasbro, Illinois Tool Works, Luxottica Group, Alphabet, TD Ameritrade and Whirlpool’s financial results.
Not a Scientific Survey. Results may not total 100% due to rounding.
Sticking with corporate news, Fiat Chrysler and other automakers will be closely watched after news emerged over the weekend that Sergio Marchionne, CEO of Fiat Chrysler Automobiles had stepped down from his leadership role, after news emerged that his health had taken a downturn following complications post-surgery.
On the economic front, existing home sales are due out at 10 a.m. ET.
No Fed speeches are scheduled to take place Monday.
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