Investors await commentary from the European Central Bank's December policy meeting Thursday, especially amid the results of Italy's referendum.
Global stocks are having a muted reaction to Italy's "no" vote in its constitutional referendum Sunday.
U.S. stocks gained steam on Monday, with the Dow Jones Industrial Average opening at a fresh record high.
Italy says no to constitutional reform, Apple say yes to automated cars, Burberry rejects a takeover and more.
The U.S. dollar is gaining against almost all other world currencies.
The ECB could decide to extend quantitative easing at its meeting next week.
The markets will be watching important developments in Europe this week along with earnings reports from major U.S. companies.
A "no" vote in Sunday's referendum in Italy would be a strong endorsement of the populism sentiment brewing across Europe.
The Dow retreated from records as banks reversed course after days of big gains.
President-elect Donald Trump's choice for Transportation Secretary, Elaine Chao, sits on the board of embattled Wells Fargo.