US pre-open: Stocks mixed after Dow's record close in previous session

Wall Street futures were mixed ahead of the bell on Monday after the approval of Joe Biden's infrastructure spending package in Congress.

As of 1310 GMT, Dow Jones futures were up 0.20%, while S&P 500 futures were 0.05% higher and Nasdaq-100 futures had the index opening 0.06% lower.

The Dow closed 203.72 points higher on Friday, as a better-than-expected October jobs report led to another fresh record close for the blue-chip index.

Ahead of the bell on Monday, Caterpillar and Deere stock was trading higher after the House of Representatives passed a more than $1.0trn infrastructure bill late on Friday, sending the legislation to Joe Biden for his signature. The package, which was passed by the Senate back in August, will provide new funding for transportation, utilities and broadband.

Going the other way, Tesla stock was in the red prior to the open after founder Elon Musk asked in a Twitter poll whether or not he should dispose of 10% of his stock in response to political clamouring to tax unrealised gains from equity holdings. 58% of respondents voted yes.

Still in the corporate space, AMC Entertainment and TripAdvisor were both slated to report earnings after the close.

On the macro front, no major data points were scheduled for release on Monday but Federal Reserve chair Jerome Powell will deliver a speech at 1530 GMT, while fellow central bankers John Williams, Michelle Bowman, Patrick Harker and Charles Evans will also speak throughout the course of the day.