S&P 500 futures near record levels

New York - US stock index futures were little changed on Monday as investors looked ahead to the latest economic data and corporate earnings to give direction to a market near record levels.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

Those results have pointed to weak conditions for market-moving bellwethers, even as more companies than usual have beaten analyst expectations for both earnings and revenue this quarter.

The benchmark index is less than 1 percent from an all-time intraday record, and on Friday, found support at its 14-day moving average, suggesting a recent positive trend in equities remains intact.

Shares of Family Dollar jumped 22 percent to $74 in light premarket trading while Dollar Tree was up 3.7 percent to $56.24.

Dow Jones industrial average e-mini futures fell 8 points and Nasdaq 100 e-mini futures lost 0.25 point.

Last week, June new home sales fell 8.1 percent, the biggest drop in almost a year.

That is seen falling to 59.8 from 61 in June.

Later this week will see the release of data on second-quarter gross domestic product, as well as the July payroll report.

On Sunday, Pacific Crest downgraded the stock to “sector perform” from “outperform.”

The stock was the Nasdaq's most active premarket mover. - Reuters