Shares opened lower on Wall Street early today, according to the Associated Press, with futures for the S&P 500 down 0.1% and futures for the Dow Jones Industrial Average losing 0.2%.
On Friday, U.S. stocks stayed around record levels, with the Nasdaq composite adding 0.1% to its record set a day before by gains for technology stocks.
U.S. stocks have set records as hopes rise that inflation is slowing enough to convince the Federal Reserve to cut interest rates later this year. Big technology stocks, meanwhile, continue to race ahead almost regardless of what the economy and interest rates are doing.
In other dealings this morning, U.S. benchmark crude oil fell 8 cents to $77.97 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, fell 6 cents to $82.56 per barrel.
The U.S. dollar rose to 157.68 Japanese yen from 157.39 yen.
