Markets Hover After Friday Breakout

Stocks are little-changed today after breaking out to new record levels on Friday.

S&P 500 futures are down fractionally, following similar moves in Europe. Asian markets rose overnight, led by a gain of more than 1 percent in Shanghai.

The S&P 500 closed above 1600 for the first time ever on Friday after April’s non-farm payrolls report came in better than expected. The news broke a series of weak data points and confirmed that the U.S. economy continues to expand, albeit at a begrudging pace. Corporate earnings have also remained strong.

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