Stocks may pause near new milestones

Written By limadu on Senin, 18 November 2013 | 17.42

S&P futures 181113

Click chart for in-depth premarket data.

NEW YORK (CNNMoney)

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.

Related: What will keep the rally going?

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 (TSN, Fortune 500) is scheduled to release its quarterly results Monday morning, while Salesforce.com (CRM) is up after the bell.

Related: Fear & Greed Index

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. To top of page

First Published: November 18, 2013: 5:00 AM ET


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