FX.co ★ US Futures Signal Lacklustre Open

U.S. stock futures remained largely unchanged on Monday as investors opted for caution ahead of a significant week filled with economic developments. The looming risk of a potential government shutdown is under scrutiny, with Democratic leaders threatening to impede the passage of a $1.2 trillion funding bill if additional funds for Homeland Security are included. This follows an incident involving another U.S. citizen shooting in Minnesota. Market participants are also keeping a close watch on geopolitical tensions and are poised for corporate earnings reports, the Federal Reserve's monetary policy decision, and the prospect of a new Fed Chair being announced sometime this week. In the premarket session, Microsoft saw a slight uptick of 0.2%, Meta rose by 0.5%, and Tesla dipped by 0.8% as they gear up to reveal their quarterly earnings later in the week. Meanwhile, Apple experienced a 1.2% increase after JPMorgan boosted its price target for the stock. Additionally, USA Rare Earth shares skyrocketed by over 20% following the Department of Commerce's decision to acquire an equity stake in the firm.