US futures subdued as investors weigh gains, how much further bull market has to run
THE ASSOCIATED PRESS
May 20, 2013 - 7:43 am EDT
NEW YORK — U.S. stock futures are relatively flat as investors take a breather and some analysts wonder how long the bull-market run can last.
FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew)
Dow Jones industrial average futures are down 7 points to 15,308. The broader S&P 500 is down less than a point at 1,662.3. Nasdaq futures are down 2.75 points to 3,020.
Investors will be looking forward to Federal Reserve Chairman Ben Bernanke's testimony to Congress, scheduled for Wednesday. The Federal Reserve's super-easy monetary policy has been a factor driving stock indexes to record highs.
European markets were also subdued Monday, with the FTSE 100 flat and German and French markets up slightly.
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