S&P 500 futures are little changed with big banks set to kick off earnings season: Live updates - CNBC
S&P 500 futures remained flat as investors prepare for the third-quarter earnings season and monitor inflation data. Meanwhile, oil prices rose following reports of a violated ceasefire between Russia and Ukraine and potential US involvement in Yemen.
Why it matters
Market volatility is being driven by a combination of strong corporate earnings expectations and escalating geopolitical instability in the Middle East and Eastern Europe.
The S&P 500 closed just below the flatline on Monday after the major averages posted a winning week and as investors looked ahead to a busy week of earnings results and inflation data.
The broad market index fell 0.06% to end at 7,807.24, while the Dow Jones Industrial Average outperformed, rising 195.60 points, or 0.38%, to 51,850.55. It was the third straight positive day for the 30-stock index. The Nasdaq Composite , however, underperformed and lost 0.44% to close at 27,245.90.
The Nasdaq was weighed down by a 3.9% drop in shares of Micron Technology . The move came as investors assessed increasing competition from China's CXMT , which reported progress on a new chip structure . In contrast, the Dow was boosted by a 2% rise in Salesforce shares after the name received a double upgrade at Bank of America .
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