Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017.

Michael Nagle | Bloomberg | Getty Images

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017.

In central bank news, Philadelphia Federal Reserve President Patrick Harker is expected to deliver remarks at the “New Perspectives on Consumer Behavior in Credit and Payments Markets” Conference in Philadelphia at 8:45 a.m. ET.

In commodities, oil prices have been closely watched in recent trading sessions as investors show signs of concern when it comes to the possible chaos that Hurricane Irma could inflict on the U.S. and its businesses.

At 7:02 a.m. ET, oil prices fluctuated with U.S. crude trading at $48.95 per barrel, while Brent hovered at $54.71.

In the U.S., investors will be watching closely for any updates out of the White House, in light of the recent political news that has rocked markets as of late, including escalating tensions with North Korea and talk of a short-term extension of the debt ceiling and government funding plan, in light of the chaos Hurricane Harvey inflicted on the country.

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