Stocks have also found recent support on hopes of continued stimulus from the Federal Reserve. The Fed has a policy meeting this week and is widely expected to say it will continue buying $85 billion in bonds and mortgage-backed securities a month. This unprecedented liquidity has buoyed equity markets around the world.
On the economic front Monday, the Census Bureau will release its monthly report on industrial production at 9:15 a.m. ET, and the National Association of Realtors publishes its monthly report on pending home sales.