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US stock futures wavered on Monday as investors weighed the Federal Reserve's next policy move andawaited a slate of retail earningsthis week.
Futures on the Dow Jones Industrial Average (YM=F) slipped 0.1%.
Those on the S&P 500 (ES=F) traded near the flat line after the benchmark index posted its third straight weekly gain.
Contracts for the Nasdaq-100 (NQ=F) rose 0.4% after arelatively calm week on Wall Street.
Investor attention turns toward retail earnings and oil prices this week, with fewer market-moving economic data releases on the calendar.
Big-box stores, including Walmart (WMT), Target (TGT), Lowe's (LOW), and Home Depot (HD), report quarterly results this week, providing insights into consumer health during the important back-to-school shopping season.
Traders, meanwhile, pulled back the odds of a September rate hike at theFed's Jackson Hole meetingto less than one-third, as inflation and jobs data have created a mixed economic picture.
Oil prices remain a key factor for markets and the Fed as the US takes an economic approach to the war in the Middle East.
Brent crude (BZ=F) futures, the international benchmark, edged up to $88 per barrel on Monday.
At the same time, financial markets have tightened, with the 10-year (^TNX) and 30-year (^TYX) Treasury yields rising 5 basis points as of Friday's close.
The Federal Open Market Committee meeting minutes, released on Wednesday, could offer more clues into the Fed officials' thinking..
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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