The Dow Jones Industrial Average and S&P 500 inched to all-time highs in the closing minutes of Friday's session, a trend seen over the last week in which jobs data impressed, the European Central Bank hinted of stimulus and the GOP wrested control of the Senate.
Dow futures were up 0.1% on Monday, S&P futures added 0.12%, and Nasdaq futures climbed 0.26%.
No major economic releases were on tap for Monday, though TD Ameritrade IMX data to be released at midday should give a snapshot of current investor sentiment.
Earnings season is wrapping up with major retailers Macy's (M) and Kohl's (K) , typically the final companies to report, due to release quarterly results on Wednesday and Thursday, respectively. Earlier this year, Macy's cut its full-year same-store sales guidance, though kept its earnings forecast unchanged. Similarly, Kohl's downwardly revised its full-year profit guidance, citing weakness in demand for women's clothing.
European markets were trading slightly higher, while China's Shanghai Composite surged more than 2% on news of an electronic trading link between Hong Kong and mainland China that will open to investors by mid-November.
In corporate news, Boeing (BA) shares were adding 0.4% after receiving an $8.5 billion order from SMBC Aviation Capital. Boeing will provide 80 737 MAX 8s to the Japanese leasing company.
WhiteWave Foods (WWAV) was spiking 4.3% after reporting a 12% increase in organic sales in its third quarter. Adjusted operating income increased 50%.
Offshore drilling company Transocean (RIG) jumped 2.3% after beating analysts' estimates for third-quarter profit by 13 cents a share.
Dendreon (DNDN) shares fell 69% in premarket trading after the drugmaker filed for Chapter 11 bankruptcy protection.
Toll Brothers (TOL) shares were gaining nearly 2% following the release of the homebuilder's preliminary fourth-quarter results. Quarterly revenue spiked 29% to $1.35 billion, while backlog increased 3% to $2.72 billion.