Here’s what’s shaking:
Stock futures are mixed in light trading with little scheduled in the way of corporate earnings or economic indicators.
Dow Jones industrial futures are down 5 points to 15,398. S&P futures have lost less than a point to 1,701.50. Nasdaq futures are up a point to 3,217.50.
There was some positive news out of China Monday as a manufacturing survey in the world’s second largest economy found that activity rose to a six-month high in August.
Shares of BlackBerry are falling sharply, down 5 percent in premarket trading, after the smartphone maker acknowledged Friday that its latest phones had failed to revive the troubled brand.
The U.S. housing market will be in focus this week with Standard & Poor’s/Case-Shiller home price index being released Tuesday, along with earnings from major builders.
The price of oil rose Monday, recovering some of the ground lost in the prior week.
Benchmark oil for November delivery was up 26 cents to $105.01 at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. That, however, was a small bounce back from Friday, when the now expired contract for October delivery dropped $1.72 to close at $104.67.
Last week, oil dropped $3.54, or 3.3 percent. There was a midweek blip, however, when prices shot up 2.5 percent on Wednesday following the U.S. Federal Reserve’s decision to keep its economic stimulus policy in place.
Brent crude, the benchmark for international crudes used by many U.S. refineries, rose 12 cents to $109.34 a barrel on the ICE Futures exchange in London.
Follow Becket Adams (@BecketAdams) on Twitter
The Associated Press contributed to this article.
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