Equity Futures Edge Up Slightly Pre-Bell Amid Trade, Tech Worries

MT Newswires Live
Yesterday

US equity futures were slighty up pre-bell Monday, with uncertainty over simmering trade wars and fraying relations between the White House and the tech financiers that helped bring the administration to power.

Dow Jones Industrial Average, S&P and Nasdaq futures were all up 0.1% in recent premarket activity.

Trading volumes worldwide were subdued by religious holidays across Europe and the Middle East.

Investors are also concerned about indications a potential truce between US President Donald Trump and Tesla (TSLA) chief Elon Musk is off the table following their public falling-out.

Trump told NBC News over the weekend he had no desire to make amends with Musk, and noted it was within his power to nix federal contracts granted to the billionaire's company.

Tesla shares were down more than 1% in recent premarket activity.

Oil prices were up, with the front-month global benchmark North Sea Brent crude up 0.5% to $66.83 per barrel and US West Texas Intermediate crude 0.5% higher at $64.90 per barrel.

The monthly Wholesale Inventories report, scheduled for release at 10 am ET, shortly after Monday's opening bell, is expected to be flat, indicating businesses remain cautious about the economy's future prospects.

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