U.S. stock futures were little changed on Monday, after the Dow Jones Industrial Average closed above the key 40,000 level for the first time last week. Futures tied to the 30-stock index inched up 19 points, or less than 0.1%. S&P 500 futures and Nasdaq 100 futures were higher by 0.1% each. The Dow first hit the 40,000 level during Thursday’s trading session, but posted its first close over the threshold a day later when it added 134.21 points, or 0.3%, to end Friday at 40,003.59. This market rally should continue at least in the short term, according to Tom Lee, head of research at Fundstrat Global Advisors. “As we stated earlier this month, we expected markets to shift from ‘fear of May’ to buy in May; and as each week has passed, this has been the case. Looking into next week, we expect this to continue,” he wrote in an email. Artificial intelligence names are due to steal the spotlight this upcoming week, with Lee highlighting several potential catalysts, including the Microsoft Build event from Tuesday to Thursday and Nvidia’s fiscal first-quarter results, due Wednesday afternoon. “Overall, we expect these events/earnings to reinforce the improving visibility and capabilities of AI and the related spending. And as a consequence, will be an overall positive for Technology stocks and the broader market,” the analyst added. Palo Alto NetworksAutoZoneTargetAnalog DevicesIntuit and Ralph Lauren will post their results in the upcoming days. The minutes from the Federal Reserve’s April 30 to May 1 meeting are due on Wednesday. Investors will also watch out for the latest readings on several pieces of economic data including existing home sales, jobless claims and durable goods orders. U.S. Treasury yields were little changed Monday as investors looked ahead to fresh economic data and comments from Federal Reserve officials slated for the week. At 7:10 a.m. ET, the yield on the 10-year Treasury yield was marginally lower at 4.416%. The 2-year Treasury yield was last up by less than one basis point to 4.818%. Asia-Pacific markets mostly rose Monday, with mainland China extending its 8-month highs, while investors awaited economic data from across the region this week. Hong Kong’s Hang Seng index rose 0.18% after the announcement, while the mainland Chinese CSI300 gained 0.35% to end at 3,690.96, rising for a third straight day. Japan’s Nikkei 225 climbed 0.73% to end at 39,069.68, its highest level in over a month and the first time the index crossed the 39,000 mark since April 15. The broad-based Topix gained 0.82% to end at 2,768.04. Both indexes pared gains from earlier in the session. South Korea’s Kospi rose 0.64% to close at 2,742.14, but the small-cap Kosdaq fell 1.02% to its lowest in almost a month. The country’s central bank will release its rate decision later this week on Thursday. Investors will also keep an eye on Taiwan as Lai Ching-te takes over formally as the island’s new president, with the Taiwan Weighted Index up marginally at 21,271.63. The Australian S&P/ASX 200 advanced 0.63% to finish at 7,863.7. Crude oil futures were little changed Monday after Iran’s president and foreign minister died in a helicopter crash. President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in the crash in Iran’s East Azerbaijan province in poor weather. West Texas Intermediate June contract: $79.78 a barrel, down 28 cents, or 0.35%. Year to date, U.S. crude oil is up 11.3%. Brent July contract: $83.77 a barrel, down 21 cents, or 0.25%. Year to date, the global benchmark is up 8.8%. Gold prices hit an all-time high on Monday as a slowing U.S. inflation trend boosted expectations that the Federal Reserve could deliver its first interest rate cut soon, while silver scaled a more than 11-year peak. Spot gold was up 1% at $2,439.39 per ounce after hitting a record high above $2440 earlier in the session. U.S. gold futures rose 1.1.% to $2,443.30.