US stocks are set to open sharply lower on Monday. On Sunday night, the Dow Jones Industrial Average futures were down nearly 300 points, or 0.1%, while the S&P 500 futures were down 1.2% and the Nasdaq Composite futures by 1.8%.
On Sunday, Secretary of State Antony Blinken said the US was talking to its allies about a possible embargo on Russian oil imports, a sign that the situation had shifted from last week. The White House has been wary of any move that could push the price of oil further, and lead to higher gasoline prices for consumers.
AT&T, GE, Oracle, Disney, Rivian, and Other Stocks to Watch This Week
There's not much on the earnings calendar this week, but annual shareholder meetings and Investor Day will still keep investors busy. Results will come from Dick's Sporting Goods on Tuesday and Campbell Soup and CrowdStrike Holdings on Wednesday. On Thursday, Oracle, Rivian Automotive, DocuSign, JD.com and Ulta Beauty all report.
Annual meetings include Analog Devices, Qualcomm and Walt Disney on Wednesday, and eBay on Thursday. General Electric hosts an Investor Day on Thursday and AT&T will offer it on Friday.