NEW YORK (TheStreet) -- Stock futures were mixed on Monday morning, retreating from a record-setting rally late Friday after Greece and eurozone leaders agreed on a debt deal. A flurry of deal-making helped to limit losses.
S&P 500 futures were down 0.2%, Dow Jones Industrial Average futures fell 0.2%, and Nasdaq futures were flat.
On Friday afternoon, the S&P 500 set a new all-time high at 2,110, while the Dow recovered and notched a new record close at 18,140. The Nasdaq closed near 15-year highs.
Late last week, eurozone leaders and the Greek government agreed to a four-month extension of the debt-riddled nation's current bailout deal. A previous deadline on the debt package had been set to expire at the end of the month.
However, Greece still must submit a list of proposed economic reforms in lieu of previous austerity measures which then need to be approved by its creditors, the European Commission, European Central Bank and International Monetary Fund.
European markets were mixed with Germany's DAX and France's CAC 40 modestly higher, while the FTSE 100 in London fell 0.35%. The Athens Stock Exchange was down 0.27%.
German business confidence rose for the fourth consecutive month in February, indicating that the eurozone's largest economy continues to see a growth recovery. The Ifo Institute measured a reading of 106.8, slightly higher than 106.7 the previous month, though below forecasts of 107.7.
Valeant Pharmaceuticals (VRX agreed to buy Salix Pharmaceuticals (SLXP for $10.1 billion, or $158 a share. Along with $500 million in cost savings, the move will push Valeant into the high-growth market of gastrointestinal drugs. Valeant was up 7.4% in premarket trading, while Salix slipped 1%.
3M (MMM agreed to purchase Polypore International's (PPO separations media business for $1 billion, the company said Monday. In a separate deal, Japanese chemical producer Asahi Kasei said it would purchase Polypore's energy storage division. Polypore shares were up nearly 12%.
HSBC (HSBC tumbled 6% after reporting annual profit fell 17% to $18.7 billion, below analysts' estimates for $21 billion in earnings. The bank has been hit with a number of costly fines and settlements and recently came under investigation for tax evasion at its Swiss branch.
Apple (AAPL shares were up 0.28% in premarket trading. The world's largest company said it would make its largest European investment by building two data centers in Ireland and Denmark. The project is expected to cost 1.7 billion euros ($1.9 billion).
--Written by Keris Alison Lahiff in New York.