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Futures Unchanged Monday

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U.S. stock futures were flat to slightly lower Monday as the S&P 500 attempts to make a run at a record high this week amid optimism about the economy's ongoing reopening this summer.

Futures for the Dow Jones Industrials took on 42 points or 0.1%, to 34,788.

Futures for the S&P 500 inched up 0.5 points to 4,228.

Futures for the NASDAQ Composite dipped 16.25 points, or 0.1%, to 13,750.25.

Tech stocks were weak in pre-market trading, weighing on sentiment a bit. Shares of Zoom and Tesla each fell about 1%.

Visa shares were higher in pre-market trading, gaining 1% following an upgrade by Piper Sandler.

Meme stocks will be back in the spotlight again this week. Most of these speculative stocks, including GameStop, AMC and BlackBerry, ended the week in the red despite massive gains after a volatile trading week.

Over the weekend the G-7 nations reached an agreement on global tax reform, calling for the world's largest corporations to pay at least a 15% tax on their earnings.

That's lower than the Biden administration's initial suggestion of a minimum 21% tax rate, which didn't garner much enthusiasm in other countries. Major companies including Facebook and Google have responded favorably to the agreement.

Overseas, in Japan, the Nikkei 225 crept up 0.3% Monday, while in Hong Kong, the Hang Seng index dipped 0.5%.

Oil prices let go of nine cents to $69.53 U.S. a barrel.

Gold prices dipped $4.10 to $1,887.90 U.S.



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