Stock futures pointed to a slightly lower open on Monday as investors ponder what the short-lived challenge to Putin by armed mercenaries in Russia over the weekend means for markets.
After alternating between gains and losses in the past, futures on the S&P 500 (^GSPC) are down 0.09%, while futures on the Dow Jones Industrial Average (^DJI) are down less than 10 points or flat . Futures on the tech-heavy Nasdaq Composite (^IXIC) fell 0.16%.
Gold prices rose about 0.5%, a sign that some investors may be looking for a safe haven while awaiting clarity on the turmoil in Russia. The country has been largely isolated from global financial markets since the invasion of Ukraine, which could limit any impact.
With PCE inflation and consumer confidence data expected later this week, investors could potentially refocus on the Federal Reserve’s next move with inflation data after Chairman Jerome Powell hinted at more rate hikes last week.
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