- U.S. stock futures trade in a narrow range on Monday.
- To the surprise of many, China kept its benchmark lending rate unchanged at the start of the week.
- The New York Stock Exchange is closed for Martin Luther King Jr. Day. Regular trading hours resume on Tuesday.
U.S. stock futures failed to rally on Monday, as thin holiday trading and China’s reluctance to cut interest rates kept investors on the sidelines.
Futures Market on Edge
Futures contracts on all three major U.S. indexes were marginally lower on Monday. Dow Jones futures slipped 9 points, or 0. ,%, to 046, 485. 14. The contract was down by as much as 50 points earlier in the day.
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