Equity futures this morning are trading narrowly as S&P futures down 5 points, Nasdaq futures off 36 points, and Dow futures up 24 points. European markets opened modestly higher, and crude oil futures rose 0.3% after OPEC supply comments. Traders remain cautious ahead of the Fed’s next policy meeting, with rate expectations mildly leaning dovish. Bedrosian said Prime Minister Benjamin Netanyahu had given orders "to fire back for defensive purposes... if there is a threat to their life in the battlefield in Gaza". Crude oil futures were on pace for a lower week, even as they ticked higher on Friday. Futures this morning are steady as traders brace for a busy week of earnings from major banks and industrial giants. S&P 500 futures +0.05%, Dow futures +0.09%, Nasdaq futures -0.11%. Dollar strength continues after upbeat manufacturing PMI figures, potentially pressuring multinational earnings forecasts.
