- US stocks traded mostly flat early Monday following the Wagner Group's weekend rebellion.
- The ruble dropped against the dollar as Yevgeny Prigozhin called off his attempted mutiny.
US stocks traded mixed to open Monday's session after the Wagner Group called off its uprising against Vladimir Putin over the weekend.
The dollar traded flat against top global currencies, while the ruble dropped. Meanwhile, oil prices gave up earlier gains to tick lower.
"The uprising in Russia could have sent shockwaves across equity and commodity markets but an apparent U-turn has meant only marginal volatility rather than a full-blown correction," AJ Bell investment director Russ Mould said.
Here's where US indexes stood as the market opened 9:30 a.m. on Monday:
- S&P 500: 4,343.83, down 0.10%
- Dow Jones Industrial Average: 33,738.41, up 0.03% (10.98 points)
- Nasdaq Composite: 13,478.01, down 0.11%
Here's what else is going on:
- OPEC said global oil demand is set to jump 23% to 110 million barrels a day by 2045.
- Janet Yellen hit back against de-dollarization talk after Brazil and South Africa's recent challenge to the greenback.
- "Bond King" Jeffrey Gundlach sounded the alarm on US debt.
- Commercial real estate is under stress but places like New York and Miami still offer pockets of value, according to Nuveen Real Estate CIO.
- Ryan Cohen jokingly challenged Warren Buffett after Elon Musk and Mark Zuckerberg teased a cage fight.
In commodities, bonds, and crypto:
- Oil prices dipped, with West Texas Intermediate down 0.3% at $68.94 a barrel. Brent crude, the international benchmark, inched 0.15% lower to $73.74 a barrel.
- Gold edged higher 0.58% to $1,940.50 per ounce.
- The 10-year yield ticked down 2.6 basis points to 3.713%.
- Bitcoin moved up 0.1% to $30,423.