Editor’s Note: The ETFs tracking benchmark indices and the headline were updated in the story.
U.S. stock futures advanced on Monday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Friday’s mixed close.
Geopolitical tensions spiked over the weekend after President Donald Trumpissued fresh warnings to Iranwhile Tehran threatened sustained retaliation against U.S. bases. Energy markets remain on high alert as persistent shipping restrictions in the Strait of Hormuz coincide with new Houthi drone and missile strikes on sensitive targets in Saudi Arabia.
With the Federal Reserve’s rate hike in the rearview, investors are turning their focus to earnings from major consumer-facing companies this week, like Costco Wholesale Corp.(NASDAQ:COST), General Mills Inc.(NYSE:GIS), and Darden Restaurants Inc.(NYSE:DRI) for insight into household strategy.
