The drive for Dow 10,000 may experience an interruption Monday, if U.S. stock index futures are any indication.
Futures indicated a drop of less than 1 percent at the open, though the market got an early boost from a major deal announcement.
Dell will purchase computer services maker Perot Systems for $3.9 billion in cash and plans a tender launch for all of its Class A shares for $30 a share.
Perot shares jumped a corresponding 66 percent in premarket trading to reflect the tender price, while Dell dropped nearly 4 percent.
Any selloff notwithstanding, the Dow is within 180 points of the 10,000 mark after its best weekly gain in nearly two months.
The Dow has not closed over 10,000 in nearly a year (Oct. 3, 2008). Investors may well bide their time before the 2-day FOMC policy meeting begins Tuesday.
The week begins with a relatively light economic calendar, but the Conference Board will be releasing its August index of leading economic indicators at 10 am New York time. Consensus estimates call for the forward-looking index to have risen by 0.7 percent last month.
Several Fed-related speeches are also on Monday's calendar: Richmond Fed President Jeffrey Lacker speaks to the Risk Management Association in Charlotte, NC at 12:30 pm, while San Francisco Fed President Janet Yellen will speak on the economic outlook and monetary policy in a San Francisco Speech just before 4 pm.
Applied Materials, the biggest maker of semiconductor manufacturing equipment, could be a stock to watch today, as it holds an investor briefing in Hamburg, Germany. That event will begin around 10 am.
Also on the watch list: casino operator Wynn Resorts, which is reportedly set to increase the size of its Hong Kong IPO for its Macau casino assets, as it seeks to raise about $1.6 billion.
- Written by Peter Schacknow, Senior Producer, CNBC Breaking News Desk.