Equity futures point to a higher opening to start the week, with the S&P 500 futures currently trading 17 points above fair value.
The S&P 500, Nasdaq Composite, and DJIA all established new record high levels on Friday before closing below their opening levels. Modest "buy the dip" action could propel the major averages back into record territory, with each index closing 0.8% below their respective intraday high levels.
Headlines are relatively quiet just before the open, with this week's August PPI and CPI reports poised to be a kay catalyst.