Investors are monitoring the FTX fallout as well as a corporate earnings from Walmart and other big retailers and key economic reports on retail sales and producer prices.
FTX continues to dominate the headlines after the crypto trading firm filed for Chapter 11 last week.
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during the Bloomberg Crypto Summit in New York. On Friday, his net worth was estimated at zero after being worth billions of dollars days earlier. Its CEO and founder Sam Bankman-Fried is under fire as regulators begin to piece together what brought the firm down.speculated this could be another potential "Enron" situation.
Treasury Secretary Janet Yellen, in an interview with Bloomberg, said the collapse signals the need for cryptocurrency regulation. Elsewhere, markets will be watching earnings for Oatly Group and Tyson Foods before they open.
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