Traders work on the floor of the New York Stock Exchange during morning trading in New York City.
Michael M. Santiago | Getty Images
Dow Jones Industrial Average futures were mostly flat on Monday night after the blue-chip index closed at a record high.
Futures tied to the 30-stock average rose 55 points, or 0.1%. Both S&P 500 futures and Nasdaq 100 futures were trading near the flatline.
The moves come after a win on Wall Street that pushed the S&P 500 and Dow to new intraday and closing records. Notably, the Dow Jones Industrial Average added more than 200 points to close above 43,000 points for the first time.
Information technology stocks led the S&P 500 index’s gains this session, with the sector finishing up nearly 1.4%. Nvidia’s 2.4% gain gave the market some upside momentum, pushing the popularity of artificial intelligence to a record close.
“I think you have to admit that the S&P 500 index is at least significantly overvalued, if not slightly,” Scott Kronert, U.S. equity strategist at Citi, told CNBC’s “Closing Bell.” he said. “But this can continue as long as the news flow supports it.”
Tuesday will focus on corporate earnings, with Goldman Sachs, Citigroup and Bank of America scheduled to make announcements. In addition to banks, United Airlines, Walgreens Boots Alliance and Johnson & Johnson are also named in the plan.
Investors will focus on economic data on manufacturing and consumer expectations. San Francisco Fed President Mary Daly, Atlanta Fed President Rafael Bostic and Fed President Adriana Kugler are scheduled to speak throughout the day.
