Stock futures were little changed Monday as investors look to push equities back to record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming.
Futures for the Dow Jones Industrials gained 51 points, or 0.1%, to 41,321.
Futures for the S&P 500 index took on 9.5 points, or 0.2%, at 5,662.
Futures for the NASDAQ moved ahead 6.25 points to 19,797.
Stocks are coming off a strong week that was highlighted by comments from Fed Chair Jerome Powell that interest rates cuts are on the horizon. Wall Street has been anxiously awaiting a rate cut, especially in light of some worrying economic data that sparked a sell-off at the beginning of August and worried investors that elevated borrowing costs could damage the U.S. economy.
On the economic front, initial jobless claims are due out on Thursday, followed by the July personal consumption expenditures reading on Friday.
In Japan, the Nikkei 225 dipped 0.7% Monday, while in Hong Kong, the Hang Seng index jumped 1.1%.
Oil prices picked up $1.96 to $76.79 U.S. a barrel.
Gold prices marched $13.40 to $2,559,70.
