Stock futures are pointing to a lower open on Monday as major indexes enter the final week of August on track for their fourth straight month of gains.

The Dow rose 0.7%, or more than 325 points. The S&P 500 gained 0.1% and the tech-heavy Nasdaq composite traded nearly flat, trimming stronger gains. The S&P 500 and the Nasdaq closed at record highs on Tuesday as traders pushed rate-cut odds to 99% for the Federal Reserve's September meeting following July inflation and employment data.

The Dow Jones Industrial Average was trading lower Monday afternoon, hovering near session lows, after the index notched its first record close of 2025 on Friday. Meanwhile, the Nasdaq Composite rose.