Stocks may pause after Friday's record

November 11, 2013: 7:25 AM ET
sp 500 futures 640
Click on chart to track premarkets
NEW YORK (CNNMoney)

Investors could take a breather Monday after driving the Dow to a new record high last week.

With no major corporate results or economic reports on the schedule, and the Treasury market closed for the Veterans Day holiday, stock market trading could be subdued.

U.S. stock futures were little changed, pointing to a flat open.

"Today, with Veterans' day in the U.S., Armistice Day in Europe and disaster in the Philippines over the weekend, will be quiet," wrote Kit Juckes, strategist for Societe Generale in London, in a market report.

Related: Fear & Greed Index gets greedy

U.S. stocks finished higher Friday on the back of a strong monthly jobs report as investors chose to focus on the positive, rather than fret about when the Federal Reserve will start curtailing its stimulus program.

Stocks have surged this year thanks to a slowly recovering economy and continued attention by the Federal Reserve. But there are worries about how long the big market run up will last.

Related: Stocks: Good news fuels markets, but rally may not last

Investors will be watching for clues about the coming Fed taper when Janet Yellen, vice chair of the Federal Reserve, testifies Thursday at her confirmation hearing on Capitol Hill. She is President Obama's nominee to replace Ben Bernanke as chairman of the Fed.

European markets posted narrow gains in morning trading.

Asian markets were mixed as Typhoon Haiyan swept through the region. Australia's All Ordinaries Index closed down 0.3%, while Japan's Nikkei rose 1.3% and Hong Kong's Hang Seng gained 1.4%.

Online sales on China's "Cyber Monday" smashed last year's record by early afternoon.

Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 16,982.59 22.02 0.13%
Nasdaq 4,444.91 -4.65 -0.10%
S&P 500 1,978.91 0.57 0.03%
Treasuries 2.49 0.02 0.89%
Data as of 8:10am ET
Company Price Change % Change
Apple Inc 99.02 1.99 2.05%
Facebook Inc 74.92 -0.06 -0.08%
Bank of America Corp... 15.50 -0.09 -0.58%
Dollar Tree Inc 54.87 -0.08 -0.15%
Family Dollar Stores... 75.74 15.08 24.86%
Data as of Jul 28
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.19%4.26%
15 yr fixed3.23%3.27%
5/1 ARM3.34%3.45%
30 yr refi4.17%4.23%
15 yr refi3.21%3.25%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com