US Equity Futures Mostly Flat Pre-Bell Ahead of Week of Earnings, Economic Data

MT Newswires Live10-12 19:56

US equity futures were mostly unchanged pre-bell Monday ahead of a week filled with a slew of earnings results as well the producer price index and retail sales figures for September.

Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% lower.

After attacks on King Khalid International Airport in Riyadh, Saudi Arabia, over the weekend, President Donald Trump said he is considering joining the fight against the Iran-backed Houthi forces, multiple media outlets reported Sunday. The Houthis are fighting a ground war in Yemen against the Yemeni government, which is supported by Saudi Arabia.

Slated to report their financial results this week to kick off the earnings season are JPMorgan Chase (JPM), Johnson & Johnson (JNJ), UnitedHealth (UNH), Goldman Sachs (GS), Wells Fargo (WFC), Citigroup (C), ASML (ASML), Bank of America (BAC), Morgan Stanley (MS), Blackrock (BLK), Taiwan Semiconductor Manufacturing, (TSM), and Charles Schwab (SCHW).

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.4% at $106.16 per barrel and US West Texas Intermediate crude 1.5% higher at $93.18 per barrel.

Federal Reserve Bank of Cleveland President Beth Hammack is scheduled to speak on Monday.

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