Stock market today: Dow, S&P 500, Nasdaq futures dip from record-highs ahead of packed earnings week

Futures tied to the Dow Jones Industrial Average (YM=F) slipped astir 100 points, oregon 0.2%, portion contracts linked to the S&P 500 (ES=F) and Nasdaq 100 (NQ=F) traded small changed.

Oil prices climbed astatine the unfastened arsenic geopolitical concerns continued to thrust vigor markets higher. West Texas Intermediate (CL=F) crude gained 1.8% to commercialized supra $107 a barrel, portion Brent (BZ=F) crude added astir 1.1% to apical $110.

The alteration to commodities arrived arsenic equities hover adjacent grounds territory aft the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) notched caller highs past week and the Dow (^DJI) concisely crossed the 50,000 mark. The Nasdaq 100 tumbled 1.5%, marking its steepest one-day diminution since precocious March.

Investors besides remained attentive to developments successful the Iran-US conflict. President Donald Trump said Sunday that “the timepiece is ticking” for an statement oregon determination “won’t beryllium thing left,” adjacent arsenic negotiations betwixt the 2 countries continued.

Markets are bracing for respective intimately watched firm reports this week. Nvidia (NVDA) is scheduled to merchandise quarterly net connected Wednesday alongside Target (TGT), with Walmart (WMT) acceptable to travel connected Thursday.

Meanwhile, hotter-than-expected ostentation readings released past week further dampened hopes that the Federal Reserve could statesman lowering involvement rates successful the adjacent future.