Stocks are expected to trade in a narrow range as investors await the nation's election results. The outcome will set the tone for the debate over how to address the so-called "fiscal cliff" of tax hikes and spending cuts that goes into effect in January unless Congress acts.
While the latest national polls show that President Obama and Republican opponent Mitt Romney neck-and-neck on Election Day, the former Massachusetts governor is an overwhelming favorite of Wall Street.
Across the Atlantic, Greek lawmakers are expected to vote this week on reforms aimed at securing much-needed financial support, and the European Central Bank meets Thursday for its monthly policy discussion.
European stocks were higher in morning trading. Britain's FTSE 100 and the DAX in Germany rose 0.6%, while France's CAC 40 added 0.7%.