The S&P 500 index is likely to open just one step away from its all-time high. Traders are betting on the one hand that a busy earnings week will bring steady results, and on the other hand, they are also weighing the risk of escalating tension in the Middle East. At 7:15 New York time, S&P 500 futures were basically flat. The index was only a stone's throw from a record high when it closed last week. Nasdaq 100 futures fell 0.2%, while Dow futures remained essentially flat. Brent crude fluctuated between ups and downs due to market concerns that the Houthis from neighboring Yemen will continue to attack Saudi Arabia. Traders are also evaluating US President Donald Trump's claim that Russia and Ukraine have reached an “energy cease-fire.” Wall Street's largest banks are expected to disclose quarterly stock trading revenue of around $19 billion. J.P. Morgan Chase, Citigroup, etc. will kick off the earnings season on Tuesday.

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