Stock futures traded near breakeven early Tuesday ahead of the first U.S. presidential debate.
Futures for the Dow Jones Industrials faded 34 points, or 0.1%, to 27,448.
Futures for the S&P 500 docked 4.5 points, or 0.1%, to 3,341.50.
Futures for the NASDAQ Composite slipped 27.75 points, or 0.2%, to 11,367.
Political news is poised to potentially be a major driver of market news this week, with the first debate between President Donald Trump and Democratic nominee Joe Biden set for Tuesday night.
Some Wall Street analysts believe the first debate of this cycle could be more consequential for the markets than most debates, with a clear victory by one candidate possibly creating significant market moves.
Before the debate kicks off, investors will get a close look at the state of the semiconductor industry when Micron reports its fiscal fourth-quarter results after the bell on Tuesday. The stock gained 1.2% on Monday despite receiving a “negative catalyst watch” from Citi.
House Speaker Nancy Pelosi said on Monday night that the Democrats were unveiling a new $2.2-trillion stimulus package, smaller than the more than $3 trillion proposed earlier in the crisis but still well above what Republican leaders have offered.
The new bill would include enhanced unemployment benefits and aid to airlines and state and local governments, according to a summary.
Overseas, in Japan, the Nikkei 225 squeezed higher 0.1% Tuesday, while Hong Kong, the Hang Seng index fell 0.9%.
Oil prices handed back 30 cents to $40.30 U.S. a barrel.
Gold prices moved higher $9.20 to $1,891.50.