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US Futures Narrowly Mixed, Dow Under Pressure on Boeing Jet Probe

US stock futures were narrowly mixed Monday as traders look ahead to a Federal Reserve policy meeting this week, while Dow futures were under renewed pressure after the US Department of Transportation launched an investigation of the Federal Aviation Administration's approval of the 737 Max aircraft by embattled jetmaker Boeing ( BA ).

S&P 500 and Nasdaq futures were each up 0.1% while Dow futures fell 0.2%.

Oil prices were mixed, with global benchmark Brent crude up a slight 0.3%, while US West Texas Intermediate crude futures were down 0.21% amid concerns of a global economic slowdown and supply cuts led by the Organization of the Petroleum Exporting Countries.

At 10 am, data are expected to show the housing market index coming in at 63 for March following the 62 level in February, according to data compiled by Econoday.

In equities, shares of Dermira ( DERM ) jumped 79.1% pre-bell after the biopharmaceutical company reported positive results from a phase 2b dose-ranging trial of lebrikizumab in adult patients with moderate-to-severe atopic dermatitis, which met the primary endpoint.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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