Markets are closing in on some big milestones after last week’s gains but investors may have to wait a little longer to see them.
U.S. stock futures were edging lower Monday morning, after the major indexes continued their record-setting run last week.
U.S. stocks finished with gains Friday, with the Dow Jones Industrial Average and S&P 500 index closing at new highs.
The Dow is nearing 16,000 points, while the S&P is not far off 1,800.
Looking ahead to events for Monday, the National Association of Home Builders will release its monthly housing market index at 10:00 a.m. ET
On the corporate side, Tyson Foods is scheduled to release its quarterly results Monday morning, while Salesforce.com is up after the bell.
Market enthusiasm in Europe was also waning in morning trading, with all the main indexes declining by roughly 0.2%.
Asian markets had an eventful trading session, with Chinese stocks jumping significantly higher after a new document from the government outlined important reform plans for the country.
Both the Shanghai Composite index and the Hang Seng powered ahead by nearly 3%, with investors cheering the laundry list of social and economic reforms, which included 60 specific tasks.
