Equities optimism turns flat on the day

US futures are backing off to the lows for the day as early gains are pared. Dow futures are now flat while S&P 500 futures and Nasdaq futures are switching over to negative territory ahead of North American trading.

It isn't so much a major shift towards being risk-off but the more optimistic mood from earlier has certainly turned flattish and more tepid now.

That being said, it is month-end and sometimes it is a bit of a mess having to sort through the flows so there is that to consider in the day ahead.