Stocks: Pausing near the peak
European markets mixed in morning trading
Monday could be a quiet day of trading, with no major economic or corporate reports on tap and many investors on the East Coast still digging out from the weekend's historic blizzard.
Fourth-quarter earnings season has just about wrapped up, though firms including Coca-Cola, General Motors and PepsiCo will report later this week.
U.S. stock futures were narrowly firmer ahead of the open Monday.
Markets have had a good run so far this year. The Dow Jones Industrial Average and S&P 500 are both up nearly 7% and near their all-time highs, while the Nasdaq has gained nearly 6%.
U.S. stocks finished higher Friday, with the Nasdaq and S&P 500 logging their sixth straight week of gains.
In company news, Google disclosed late Friday that executive chairman Eric Schmidt plans to sell 3.2 million shares of his stock in the company, worth about $2.5 billion. Shares of Google were lower in premarket trading.
European markets were mixed in morning trading. Exchanges in Tokyo, Shanghai and Hong Kong were closed for holidays.
With the G-20 meeting set to be held this week in Moscow, there are reports that finance ministers are discussing releasing a statement on exchange rates to try to calm concerns that developed economies might engage in a currency war, sparked by Japanese efforts to lower the value of the yen.