Stock futures flat ahead of Madoff sentencing

Reuters – Dow Jones futures dipped 0.1 percent, S&P 500 futures were down 0.01 percent while Nasdaq futures traded 0.02 percent higher on Monday morning at 4:45 a.m. EDT, pointing to a flat opening for Wall Street’s main equity indexes.

With corporate earnings and economic data calendars virtually void of potentially market-moving events, the focus will be on the sentencing of confessed swindler Bernard Madoff.

At a court hearing due to begin at 10 a.m. EDT, U.S. District Judge Denny Chin is expected by legal observers to sentence Madoff, 71, to an effective life term in prison.

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