Stocks were muted to start the new week on Monday as investors weighed what this weekend’s short-lived challenge to Vladimir Putin by armed mercenaries in Russia means for markets.
The S&P 500 (^GSPC) fell a modest 0.1%, while the Dow Jones Industrial Average (^DJI) was unchanged. The technology-heavy Nasdaq Composite (^IXIC) fell 0.2%.
Gold prices rose around 0.5%, a sign that some investors may be seeking a safe haven as they await clarity on the Russia turmoil. The country has been largely cut off from global financial markets since the invasion of Ukraine, which could limit any influence.
With PCE inflation and consumer confidence data due later this week, investors may well return to focusing on the Federal Reserve̵[ads1]7;s next move with inflation data, after Chairman Jerome Powell hinted at more rate hikes coming last week.
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