Stocks Tread Water After Record Close

Stock futures are little-changed this morning after another record close last week.

European markets are trying to inch higher after Asia posted marginal gains overnight. Commodities and currencies are sounding a slightly cautious tone, with oil, copper, and the euro all fractionally lower.

The S&P 500 advanced 0.31 percent to 1680 on Friday. While it was the second record close in a row, the index remains below its intraday peak of 1687 from May 22. The Dow Jones Industrial Average is also below those springtime levels on its respective chart. The Russell 2000 small-cap index has broken out above its all-time highs from two months ago, while the Dow Jones Transports remain below their previous high.

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