On a day marked by sparse economic announcements, investor sentiment may be swayed by unfolding geopolitical events. This week's market activity is likely to be influenced by the forthcoming Consumer and Producer Price Index reports.
Early indicators from the U.S. Futures Index suggest that Wall Street may experience a generally downward opening.
In Asian trading, oil and gold prices have seen an uptick, prompted by escalating tensions in the Middle East.
As of 7:55 a.m. ET, Dow futures showed a modest increase of 5 points, while S&P 500 futures fell by 4 points and Nasdaq 100 futures dropped by 36.75 points.
In the previous session on Friday, major U.S. stock indexes concluded mostly on a positive note. The tech-centric Nasdaq closed near its daily high, advancing 159.05 points or 0.8% to 19,859.77. The S&P 500 gained 15.16 points or 0.3%, finishing at 6,090.27. Conversely, the Dow dipped by 123.19 points or 0.3% to settle at 44,642.52.
Looking at the economic schedule, the preliminary Wholesale Inventories report for October is slated for release at 10 a.m. ET. The consensus anticipates a 0.1% increase, contrasting with a 0.2% decline in the previous month.
Asian equity markets retreated on Monday. China’s Shanghai Composite Index ended slightly lower at 3,402.53, while Hong Kong’s Hang Seng Index climbed 2.76% to close at 20,414.09.
In Japan, stock markets saw a modest rise. The Nikkei 225 edged up 0.18%, closing at 39,160.50, while the broader Topix Index rose 0.27% to 2,734.56.
Meanwhile, Australian markets concluded the day on a nearly unchanged note.
