Company earnings and economic data will take center stage Monday as markets continue to push on towards new highs in the wake of last week’s debt ceiling deal.
U.S. stock futures were edging higher. The Dow was leading the way with a gain of 0.3%
Third-quarter earnings season continues Monday with results due in the morning from McDonald’s and Halliburton. Netflix is up after the bell.
And at 10:00 a.m. ET, the National Association of Realtors will release its monthly report on existing home sales.
U.S. stocks finished higher Friday. The S&P 500 hit a new record high, and the Nasdaq posted a gain of more than 1%.
Bank stocks may be in focus after weekend news that JPMorgan Chase and the Department of Justice have tentatively agreed to a $13 billion civil settlement to resolve several investigations into the bank’s mortgage securities business.
European markets were mixed in morning trading. Indexes in Germany and France slipped, while the FTSE 100 managed a modest gain.
Asian markets closed higher Monday. Shares in Hong Kong added 0.4% and the Shanghai Composite increased 1.6%. Japan’s Nikkei gained 0.9% and the yen weakened as export data for September fell short of analyst expectations.
