U.S. stock futures were not affected by overnight trading Monday morning after the major averages closed at recordsThis was facilitated by the strength of infrastructure stocks.

Futures contracts linked to the Dow Jones Industrial Average dropped 23 points. S&P 500 futures declined 0.07%, while Nasdaq 100 futures retreated 0.09%.

All three major averages reached new heights during regular trading. Dow Jones gained 104 points (or 0.29%) to post its 44th year record closing. The S&P 500 added 0.09% and closed above 4,700 for the first time. This move saw the broad equity index reach its 64th best close in 2021. Nasdaq Composite posted a 0.07% gain to mark its 11th straight positive day, which is the longest streak of daily wins since December 2019. This tech-heavy index posted its 44th best close in 2021.

Infrastructure-related stocks were among Monday’s biggest winners after the House passed the spending packageFriday evening. Materials was the top-performing S&P group, rising 1.23%, while the industrials sector closed at a record.

“The adoption of the traditional infrastructure bill will be a major positive for the markets and economy, since it should have a positive ROI.” [return on investment]Chris Zaccarelli is chief investment officer of Independent Advisor Alliance.

“Infrastructure is one of those expenditures which is truly an investment — with an expected positive return on money spent — as opposed to a pure expense, with relatively little chance of getting the money back,” he added.

The stock market has seen solid earnings growth, which helped it reach new levels. Through Monday morning 445 S&P 500 components have reported quarterly results, with 81% beating earnings estimates. 70% of revenue-generating companies are exceeding expectations.

While the majority of index members may not have reported yet, there are some highly-watched reports. D. R. Horton, Wynn Resorts as well as Coinbase will update the market when it closes.

John Stoltzfus is chief investment strategist for Oppenheimer Asset Management. “With Q3 earnings season ending, economic data, and the progress made in economic reopenings, will gain in importance to investors’ focus between here and the end of the calendar year,” he stated.

This week’s key inflation data includes the readings of the producer price index and the consumer price index. These will both be published on Tuesday.

Dow Jones economists polled expect producer prices to rise 0.6% in October, compared with the previous month. A 0.6% increase is expected in the consumer price index compared with October 2017.