Stocks edge toward new milestones

November 18, 2013: 7:59 AM ET
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NEW YORK (CNNMoney)

Markets are trying to ride the momentum after last week's gains.

U.S. stock futures edged higher Monday, pulling out of an early morning slump.

The Dow is nearing 16,000, while the S&P 500 is not far off 1,800.

U.S. stocks finished higher Friday, with the Dow and S&P 500 index closing at new highs.

Related: What will keep the rally going?

Boeing (BA) shares rose Monday after the aircraft maker said it sold more than $95 billion of its new 777X at the Dubai air show. Boeing said it was a record launch for a new aircraft and was far more than analysts had been forecasting.

Looking ahead to Monday, Tyson Foods (TSN) is scheduled to release its quarterly results Monday morning, while Salesforce.com (CRM) is up after the bell.

Meanwhile, market enthusiasm in Europe was picking up in morning trading.

Related: Fear & Greed Index: extreme greed

Asian markets rallied, with Chinese stocks jumping significantly higher after a new document from the government outlined important reform plans for the country.

Both the Shanghai Composite index and the Hang Seng powered ahead by nearly 3%, with investors cheering the laundry list of social and economic reforms, which included 60 specific tasks.

Deutsche Bank chief economist Jun Ma called the reforms "by far the most profound reforms in a decade, if not decades, in terms of scope, depth, and impact."

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Index Last Change % Change
Dow 16,563.30 -317.06 -1.88%
Nasdaq 4,369.77 0.00 0.00%
S&P 500 1,930.67 -39.40 -2.00%
Treasuries 2.56 0.00 0.08%
Data as of 4:23am ET
Company Price Change % Change
Bank of America Corp... 15.25 -0.33 -2.12%
Micron Technology In... 30.55 -1.98 -6.09%
Apple Inc 95.60 -2.55 -2.60%
Facebook Inc 72.65 -2.03 -2.71%
Pfizer Inc 28.70 -0.56 -1.91%
Data as of Jul 31
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