Futures in New York experienced a marginal decline on Monday as investors’ focus turned to a short-lived challenge against Russian President Vladimir Putin on the weekend by Russian mercenaries.
Contracts listed on the S&P 500 fell 0.09%, while those on the Dow Jones Industrial Average remained relatively unchanged. Futures on the Nasdaq Composite edged lower by 0.16%.
Following the recent turmoil in Russia, investors appeared to flock to investments that are typically considered safe havens. Gold prices rose by 0.5% on Monday morning.
Still, it did not seem as if investors were entirely discouraged by the latest developments in the Russian-Ukraine conflict. Bonds edged lower on a whole, with 10-year Treasury note falling by more than 10 basis points to 3.70%.
Investors are gearing up for the latest round of data on PCE inflation and consumer confidence due later this week. This data should provide an indication of the Federal Reserve’s next moves, with Fed Chair Jerome Powell signaling that more rate increases may come next week.