(Bloomberg) — US equity futures fluctuated and Treasuries dropped as caution prevailed amid diplomatic efforts to contain the Israel-Hamas conflict.
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Markets were broadly calmer Monday after last week’s rush into haven assets, as investors await further developments in the Middle East. The war is an additional concern for traders already busy interpreting the outlook for the economy and interest rates, just as the latest earnings reporting season gets into full swing.
S&P 500 contracts and those for the Nasdaq 100 steadied after declines on Wall Street at the end of last week. Pfizer Inc. fell in premarket after the pharmaceutical giant slashed its revenue and earnings forecasts. Apple Inc. dropped after a study pointed to disappointing sales of the new iPhone. European energy stocks were boosted by recent gains in oil prices, with Shell Plc hitting a record…
