U.S. stock futures were set to open lower Sunday as investors dealt with a multitude of issues, including Iran's missile and drone strike on Israel, rising oil prices and a spike in equity market volatility that sent the Dow Jones Industrial average to its worst week of the year last week.
Oil prices, which have risen in the last few weeks prior to the attack on the rising Middle East tensions, were poised to gain further Sunday. Guha added that the "main question" remaining is how Israel Prime Minister Benjamin Netanyahu will respond to the attack. The Biden administration has made it clear it does not want Israel to retaliate, noted Guha.
On the earnings front, investors will be watching for Goldman Sachs and M&T Bank results Monday morning. More economic data is also scheduled for release. Retail sales data is scheduled for Monday, as well as business inventories data for February and manufacturing numbers for March.