U.S. stock futures turn higher on Monday, July 17, following record-breaking days for the Dow Jones Industrial Average and S&P 500 on Friday, July 14. Stocks will open Monday with the Dow at 21,639, Friday's record close. The high marked the third record close in a row. The S&P 500 ended Friday at 2,459.
European shares traded mixed on Monday while Asian stocks finished the session mostly higher. However, the Shanghai Composite declined 1.4% despite China reporting unexpectedly strong economic growth. Oil prices early in the U.S. rose slightly to $46.55 a barrel on Monday and global oil prices rose as well after the better-than-expected economic data from China boosted demand speculation.