(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)
US equity futures were mostly flat pre-bell Monday as traders evaluated the lack of solid progress on a peace deal in the Middle East.
Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were flat, and Nasdaq futures were 0.1% lower.
Iranian Foreign Minister Abbas Araqchi said that the nation would not restart direct talks with the US as long as it continues violating the June memorandum of understanding. Araqchi added that reopening the Strait of Hormuz would be partly conditional on the US paying for damage caused during the conflict between the two nations.
President Donald Trump said that the US is "only semi-negotiating" with Iran as the Middle Eastern nation undergoes an economic crisis due to sky-high inflation and has no money to pay its troops, according to an Axios report on Sunday.
Expected report their financial results this week are Cisco Systems (CSCO), Applied Materials (AMAT), and Brookfield (BN).
Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.9% at $85.13 per barrel and US West Texas Intermediate crude 2% higher at $79.72 per barrel.
The economic calendar is vacant.
In other world markets, Japan's Nikkei closed 2.1% higher, Hong Kong's Hang Seng ended 1.1% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.
In equities, SpaceX (SPCX) shares rose 1.3% after Reuters reported that retail investors sold shares for the first time last Friday since the June IPO. Meta Platforms (META) stock was up 1.9% after Chief Executive Mark Zuckerberg called for lower US regulatory barriers for open-weight artificial intelligence models to help American companies compete with Chinese rivals.
Newmont (NEM) shares were 2.5% higher, while Barrick Mining (B) stock fell 6.2%, after the two companies said they agreed to contribute excluded properties, including Barrick's Fourmile and Newmont's Fiberline and Mike developments, to the Nevada Gold Mines joint venture, in an agreement wherein Newmont will pay Barrick $1.95 billion for the contribution of the properties.
On the losing side, Intel (INTC) shares dropped 4.1% after the company said it is offering $15 billion of common stock in a public offering. Cloudflare (NET) stock was 1.8% lower after the company said it plans to offer roughly $2.18 billion worth of convertible senior notes due 2031 through a private offering to institutional buyers.