Stock futures indicated a slight lower open on Monday, as investors considered what a short-term challenge to Putin by armed mercenaries in Russia would mean for markets.
After switching between gains and losses earlier, S&P 500 futures (^GSPC) were down 0.09%, while futures on the Dow Jones Industrial Average (^DJI) were down less than 10 points, or broadly unchanged. Futures for the Nasdaq Heavy Composite (^IXIC) fell 0.16%.
Gold prices rose about 0.5%, in a sign that some investors may be looking for a safe haven while they wait for clarity on the Russian unrest. The country has been largely cut off from global financial markets since its invasion of Ukraine, which may limit any impact.
With data on PCE inflation and consumer confidence due later this week, investors may return to focus on the Fed’s next moves with inflation data, after Chairman Jerome Powell hinted at more rate increases last week.
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