Investors are feeling the Monday blues.
U.S. stock futures were pointing to a soft start to the trading week, taking a breather after a recent record-breaking run.
Here are the 4 things you need to know before the opening bell rings in New York:
1. Earnings and economics: It's a big week for retail earnings and Urban Outfitters ( will kick things off with its quarterly report after the close. )
Earnings reports are on tap later this week from Wal-Mart (, )Target ( and )Best Buy (. )
On the economic front, the National Association of Home Builders release its monthly housing market index at 10 a.m. ET.
2. Oil climbs: Crude prices gained about 1% to push above $60 a barrel as investors absorbed news of fresh fighting in the Middle East. The key Iraqi city of Ramadi fell to ISIS on Sunday, while airstrikes resumed in Yemen as a ceasefire ended. Oil prices have stabilized in recent months after plunging around 50% in the last half of 2014.