Stock Market News Live: Stock futures look to open higher

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Stocks kicked off a busy week on a high note, with futures on the S&P 500 holding near last week’s record highs.

7:42 a.m. ET: Oil prices hold steady despite upheaval in Iran

Over the weekend, Iran admitted that it had accidentally downed a Ukrainian passenger jet last Wednesday, leading to a crash that killed all 176 people aboard. Initially, Tehran had denied shooting down the aircraft.

The admission ushered in protests in Iran beginning on Saturday, with citizens demonstrating against what they perceived as incompetence by the country’s leadership. Outlets including the Associated Press reported that Iranian police forces had used live ammunition to try and disperse protestors, while Iran’s government has denied that these methods of quelling protestors were used.

The reports sparked a response from President Donald Trump, who wrote a Twitter post over the weekend in support of the Iranian protestors.

Despite the unrest in the Middle East, oil prices remained relatively stable, after domestic crude oil futures posted their largest weekly drop since July on Friday. West Texas intermediate prices held around flat at $59.05 per barrel Monday morning, while Brent ticked down slightly to below $65 a barrel.

7:20 a.m. ET: Stock futures rise

U.S. stocks futures advanced as traders shrugged off tensions in the Middle East and looked toward the start of corporate earnings season and the signing of a U.S.-China initial trade deal later this week.

Here were the main moves during the pre-market session, as of 7:20 a.m. ET:

  • S&P futures (ES=F): 3,273.00, up 8.25 points or 0.25%

  • Dow futures (YM=F): 28,852, up 75 points or 0.26%

  • Nasdaq futures (NQ=F): 9,013.25, up 35 points or 0.39%

  • Crude oil (CL=F): $59.03 per barrel, down $0.01 or 0.02%

  • Gold (GC=F): $1,554.20 per ounce, down $5.90 or 0.38%

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. REUTERS/Brendan McDermid

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