Here’s what’s shaking:
U.S. stock market futures are barely budging, as traders seem ready to pause after sending major indexes record highs following a positive jobs report last week.
With few major companies posting earnings and no significant economic data due Monday, Dow Jones industrial average futures are up 1 point to 14,899. S&P 500 futures are down .50 to 1,608. Nasdaq 100 futures gained 3 points to 2,938.
The Labor Department said Friday that U.S. employers added 165,000 workers last month and many more in February and March than previously estimated. The 7.5 percent unemployment rate is the lowest in four years.
Overseas markets are mixed. Most Asian markets rode Friday’s U.S. momentum to close higher, but stocks in Europe gave ground after initially trading higher.
The price of oil rose sharply Monday as an increase in U.S. hiring raised the prospect of higher energy demand.
Benchmark oil for June delivery was up 72 cents to $96.33 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.
The contract jumped $1.62 to finish at $95.61 on Friday after U.S. employers added a surprisingly solid 165,000 jobs in April. That drove down the unemployment rate to a four-year low of 7.5 percent and suggested the U.S. economic recovery may be gathering pace.
Demand for oil also tends to increase when the economy picks up, as factories produce more, people drive more and businesses use more fuel to ship goods.
Brent crude, which is used to set prices of oil from the North Sea used by many U.S. refiners, was up 58 cents to $104.77 per barrel on the ICE Futures exchange in London.
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The Associated Press contributed to this report.
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