Markets

US Futures Slip as Traders Eye Fresh Catalysts Ahead of Earnings Season

US stock futures were cautiously lower Monday, reversing from last week's rally, as market participants refrained from making big bets ahead of the looming earnings season with major US banks set to get the ball rolling later in the week.

Oil prices nudged higher with global benchmark Brent crude up 0.50%, and US crude West Texas Intermediate up 0.48% recently, boosted by continuing production cuts by major producers and US sanctions on Iran and Venezuela.

At 10 am, data are expected to show factory orders easing 0.6% for February following a slight 0.1% gain in the previous month.

In equities, shares of Histogenics ( HSGX ) were 125% higher pre-bell after the biopharmaceutical company agreed to be acquired by privately-held Ocugen, Inc.

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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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