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U.S. stock futures fell slightly on Monday after the Dow Jones Industrial Average and S&P 500 notched their best weekly win streaks of 2024.
Futures for the 30-stock index fell 92 points, or 0.2%, to 43,422.
Futures for the S&P 500 slipped 18.25 points, or 0.3% to 5,887.75.
Futures for the NASDAQ Composite Index swooned 116 points, or 0.6%, to 20,366.75.
The moves come after both the S&P 500 and 30-stock Dow registered all-time highs on Friday, cementing a sixth straight weekly advance for both benchmarks. The S&P 500 ended the week 0.85% higher, while the Dow closed up 0.96%. The NASDAQ Composite climbed 0.80%.
Normalizing China demand could pose a near-term threat for ASML, according to Bernstein.
The firm reiterated its outperform rating on the Dutch semiconductor stock, but lowered its price target to $815 from $1,052. This revised price forecast is still approximately 13% higher than where shares of ASML closed on Friday.
Whether stocks can sustain those gains may depend on whether companies can beat expectations this earnings season, which is set to ramp up this week. Roughly one-fifth of S&P 500 companies are set to report through Friday.
Thus far, the results have been mixed. Of the 14% of S&P 500 companies that have already posted third-quarter results, 79% have beaten expectations.
Elsewhere, on the economic front, leading indicators for September are due out Monday, at 10 a.m. ET.
In Japan, the Nikkei 225 hesitated 0.1% Monday, while in Hong Kong, the Hang Seng dumped 1.6%.
Oil prices gained $1.56 to $70.78 U.S. a barrel.
Gold prices climbed $19.60 to $2,749.60
