"Futures are trading mostly lower after a rather ho-hum start to the trading week on Monday. The major indices closed mixed on Monday, with the Dow Jones Industrials trading lower and closing at 49,167, down 0.13%, and despite notching new records, the S&P 500 finished the day off its highs at 7,173, up 0.12%."
"Yields rose across the Treasury curve amid higher oil prices and continued strength in the dollar. The 30-year long bond closed the session at 4.94%, while the benchmark 10-year note was last seen at 4.33%."
"With no apparent progress in negotiations with Iranian leaders and the U.S. still monitoring the Strait of Hormuz, the path of least resistance for the black gold was higher. Brent Crude finished Monday's session at $108.20, up 2.74%."
"Gold hit a three-week low on Monday as sellers turned out in full form. Gold closed the Monday session at $4,67."
Futures are mostly lower following a quiet start to the trading week. The S&P 500 and Nasdaq reached new highs before declining. With 30% of the S&P 500 set to report earnings, Wall Street is focused on results and guidance. Major indices closed mixed, with the Dow down 0.13%, S&P up 0.12%, and Nasdaq up 0.020%. Treasury yields rose due to higher oil prices and a strong dollar. Oil prices increased amid geopolitical tensions, while gold hit a three-week low amid profit-taking.
Read at 24/7 Wall St.
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