Caution on Wall Street as Oil Prices Rise and US Bank Earnings Loom

A cautious tone prevailed in US stock futures on Monday, with major indices showing mixed performance amid concerns over rising oil prices and their impact on inflation, alongside anticipation of major bank earnings and upcoming economic data. Dow Jones futures rose 0.06% and S&P 500 futures gained approximately 0.03%, while Nasdaq 100 futures fell 0.23% under pressure from technology stocks.

These movements coincided with Brent crude climbing above $106 per barrel following attacks targeting Riyadh International Airport, sparking concerns regarding global energy supplies.

Investors are turning their attention to the start of the US bank earnings season on Tuesday and inflation data due Wednesday. Expectations point to annual inflation accelerating to 3.7%—a figure that could influence Federal Reserve interest rate decisions and shape market direction in the period ahead.