Stock futures were relatively unchanged on Monday as traders braced for a big week, with key earnings reports and a U.S. monetary policy meeting. S&P 500 fell 0.1%, while Nasdaq-100 futures shed 0.2%. Dow Jones Industrial Average futures hovered around the flatline. Concerns of a potential U.S. government shutdown weighed on sentiment as outrage grew over federal immigration agents fatally shooting a U.S. citizen in Minnesota for the second time this month. Several Democratic senators said they would not approve a $1.2 trillion funding package if it includes an allotment for Homeland Security. One person familiar with Senate GOP leadership said funding for DHS would not be removed, however. More than 90 S&P 500 companies are set to post quarterly reports this week, including Apple, Meta Platforms and Microsoft. So far, the earnings season has been strong, with 76% of the companies that have reported beating expectations, per FactSet. To be sure, some stocks still fell despite companies topping expectations, such as Intel and Netflix. “Based on what we’ve seen so far, the overall picture remains the same. We anticipate earnings growth accelerating to 14%, and thus we reiterate our recommendations from December: energy, basic materials, Magnificent Seven, Bitcoin, and Ethereum,” wrote Tom Lee, head of research at Fundstrat. Traders this week will also turn their attention to the Federal Reserve. The central bank is set to announce its first policy decision of the year on Wednesday. While the Fed is widely expected to keep its overnight rate unchanged, Wall Street will look for clues on when Fed officials will cut rates. Wall Street is coming off a losing week, after increasing geopolitical tensions unnerved investors. Concerns eased toward the end of the week, with President Donald Trump announcing that a “framework” for a deal regarding Greenland had been reached. Still, the S&P 500 lost about 0.4% last week for its second straight weekly decline. Traders also kept an eye on the commodities complex, with gold prices topping $5,100 for the first time. On top of that, natural gas prices topped $6 per million British thermal units for the first time since 2022. U.S. Treasury yields were lower at the start of the week as investors looked ahead to the Federal Reserve’s interest rate decision and continued to monitor geopolitical and trade uncertainty. The 10-year Treasury yield was down by more than 2 basis points at 4.217%, while the 2-year Treasury note yield dipped less than 1 basis point at 3.596%. The 30-year Treasury yield fell less than 2 basis points to 4.813%. Asia-Pacific markets traded mixed Monday as investors assessed ongoing geopolitical concerns. Japan’s Nikkei 225 slid 1.72% to 52,885.25 while the Topix declined 2.13% to 3,552.49. South Korea’s Kospi lost 0.81% to 4,949.59 while the small-cap Kosdaq jumped over 7% to end the trading day at 1,064.41. Hong Kong Hang Seng index slid 0.26%, while mainland’s CSI 300 traded flat to close at 4,706.96. Australia markets are closed for the holiday. Oil prices edged higher on Monday after climbing more than 2% in the previous ‍session, as output disruptions in ‍major U.S. crude-producing ‍regions and tensions between the U.S. and Iran boosted prices. Brent crude futures rose 7 cents, or 0.1%, to $65.95 a barrel. U.S. West Texas Intermediate crude was at $61.08 a ‌barrel, ‌up 1 cent. Both benchmarks notched weekly ​gains of 2.7% to close on Friday at their highest points since January 14. Gold climbed to a fresh all-time high, crossing $5,100 an ounce on Monday and extending its record-breaking run as investors seek the safety of the yellow metal amid rising geopolitical tensions and global fiscal risks. Spot gold prices gained 2.4%, trading at $5,102 an ounce, before slightly paring gains to last trade at $5,086. Meanwhile, U.S. gold futures for February rose 2.1%, reaching $5,087 an ounce. “The recent further leg up in gold and silver prices has arrived on the back of geoeconomics issues related to Greenland,” HSBC wrote in a note last week. Silver also rallied Monday, with spot prices jumping 4.9% to $107.9 per ounce, also benefiting from industrial demand.