S&P 500, Nasdaq futures edge up as investors weigh Mideast developments
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The US and Iran have received a framework for a plan to end hostilities, leading to cautious optimism among investors. The S&P 500 and Nasdaq futures edged up as investors weighed Mideast developments and awaited domestic data, including inflation readings.
The US and Iran are discussing a potential 45-day ceasefire. Oil prices fell on Monday, and US energy stocks were lower in premarket trading. Wall Street's main indexes ended mixed on Thursday but posted their first weekly gains in six. Trading volumes on Monday were expected to be thin due to public holidays in Europe and Asia. The Dow E-minis were down 62 points, while S&P 500 E-minis and Nasdaq 100 E-minis were up. Investors will parse domestic data, including inflation readings, to see if price pressures have trickled into the economy.
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