NEW YORK (TheStreet) -- U.S. stocks were making little movement on Monday after a three-week rally that boosted the Dow Jones Industrial Average and S&P 500 to all-time highs.
The Dow and S&P 500 inched to all-time highs on Friday as jobs data impressed, the European Central Bank hinted of stimulus and the GOP wrested control of the Senate.
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The S&P has recovered more than 9% since its six-month low in mid-October as positive earnings and robust economic data indicated the U.S. was more resilient to a global slowdown.
The Dow was down 0.03%, the S&P added 0.04%, and the Nasdaq climbed 0.8%.
Risks to record highs for equities look minimal this week with little on the books to potentially rock markets.
"After last week's big market-movers-Midterm elections, payrolls and generally solid October data that support our estimate of 2.8% growth in Q4-the data schedule is pretty thin this week," BMO Research analyst Sal Guatieri wrote in a report Monday, though he pointed to retail sales on Friday as one anticipated release.
No major economic reports 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.