Have stocks lost their holiday fizz?
U.S. markets are poised for a pretty flat start to trading Monday as investors pause after a recent record-breaking run.
Here are the three things you need to know before the opening bell rings in New York:
1. Futures flat: U.S. stock futures are little changed early Monday, indicating a lackluster start to the trading session.
This follows gains across major U.S markets on Friday. The S&P 500 rose 0.3% to close at a fresh record. The Nasdaq jumped by 0.7% and the Dow Jones industrial average inched up 0.1%.
There are no major economic releases slated for Monday.
2. Greek vote: Investors will be watching a crucial vote to confirm a new president in Greece on Monday. If parliament fails to vote for a new president, this will trigger snap elections that could bring a popular anti-austerity party to power. Syriza has vowed to renegotiate the terms of Greece’s bailout package and reverse many of the reforms that have helped the country return to economic growth.
3. International markets: European markets are mixed in early trading.
Asian markets also closed with mixed results. Japan’s Nikkei index finished with a 0.5% loss.
AirAsia shares dropped sharply in Malaysia as investors reacted to the disappearance of a passenger jet bound for Singapore with 162 people on board.
