Equities Hovering at Record Levels

Equities are little-changed this morning after another record close yesterday.

S&P 500 futures are indicated to open fractionally lower but have been nudging higher throughout the morning. The Nasdaq is up almost two-tenths of a percent after strong numbers from technology stalwart Cisco Systems.

European indexes are also trying to fight into positive territory after earlier declines, following a pattern in recent weeks of money begrudgingly entering the market as pullbacks fail to materialize. Disappointing economic news this week from China, Europe, and the United States, for instance, has been ignored.

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