US stock futures muted ahead of Wednesday's CPI data; Dow dips 0.1% as investors eye Iran's Strait of Hormuz deal tease
US stock futures were largely unchanged at the start of a week featuring key inflation data and earnings reports. Futures on the Dow Jones Industrial Average edged lower by 0.1%, while S&P 500 and Nasdaq-100 futures saw slight gains. Investors are in a wait-and-see mode, monitoring Iran's announcement that a deal to open the Strait of Hormuz is "very close," which has led to Brent crude futures trading slightly higher at $84 per barrel. The upcoming Consumer Price Index (CPI) reading on Wednesday is also a major focus, with Federal Reserve officials remaining divided on interest rate policy amid ongoing oil price shocks and inflation concerns.
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