Earlier market gains are erased as the US market moves toward the open for the week

The US stock market is set to open after the Labor Day holiday on Monday. The major indices were marginally higher at the start of the North American session, but have since tilted more to the downside.

The futures are now implying a lower levels in the major indices to start the trading week.

  • S&P, -2.5 points
  • Dow, -26.5 points
  • NASDAQ -14 points

The NASDAQ index did closes at a record level on Friday. The S&P close just below its all-time high at 4536.94