Stock futures mostly flat as oil flirts with $100

The facade of the New York Stock Exchange.(Photo: Mark Lennihan, AP)

Story Highlights

• U.S. markets surged Friday
• Oil futures edge down
• Strong gains in Asia

Investors on Wall Street were looking to start the trading week on a bright note Monday as stock futures were mostly flat.

Oil prices were in focus.

Benchmark crude oil for November delivery declined 83 cents to $99.98 in electronic trading on the New York Mercantile Exchange. The contract added 14 cents on Friday to close at $100.81. The move below $100 is the first for several months.

Ahead of the market open, Dow Jones industrial average index futures and Standard & Poor's 500 index futures were mostly flat and Nasdaq index futures were up 0.2%.

Stocks climbed on Friday. The S&P 500 rose 0.7% to close at an all-time high of 1,744.50. The Dow gained 0.2% to 15,399.65 and the Nasdaq surged 1.3% to 3,914.28.

At the tail end of last week investors appeared to put behind them concern over the U.S. budget deal and China released an economic report that showed that growth there accelerated to 7.8%.

FRIDAY: S&P 500 closes at new all-time record^[1]

In Asia, Tokyo's Nikkei 225 index rose 0.9% and China's benchmark Shanghai composite index added 1.4%.

European shares moved in different directions. Benchmarks in France, Germany and Spain declined, but the United Kingdom's FTSE 100 index added nearly 1%.

Contributing: Associated Press