U.S. stock futures fell on Monday, following Friday’s mixed close. Futures of the major benchmark indices were lower.
This week, investors will be closely watching the Federal Reserve’s meeting to gauge how the central bank is navigating interest rates amid the ongoing U.S.-Iran conflict.
Simultaneously, market-moving earnings reports from the ‘Magnificent 7 tech giants—including Apple Inc. (NASDAQ:AAPL), Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Microsoft Corp. (NASDAQ:MSFT)—will take center stage as Wall Street looks for returns on their massive AI investments.
Meanwhile, President Donald Trump announced on Saturday that he canceled plans for envoys to meet with Iranian leadership in Pakistan, citing divisions within Tehran. Trump’s declaration that the U.S. has “all the cards” sent immediate ripples through the energy markets.
Meanwhile, the 10-year Treasury bond yielded 4.32%, and the two-year bond was at 3.79%. The CME Group’s FedWatch tool‘s projections show markets pricing a 100% likelihood of the Federal Reserve leaving the current interest rates unchanged in its Wednesday meeting.
Index
Performance (+/-)
Dow Jones
-0.15%
S&P 500
-0.12%
Nasdaq 100
0.043%
Russell 2000
-0.08%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were mixed in premarket on Monday. The SPY was down 0.083% at $713.35, while the QQQ surged 0.054% to $664.24.
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