S&P 500 traded near the benchmark's record highs as talks provide a glimmer of hope for a US-China trade deal.

In addition to inflation and US-China trade, a key bond auction is on investors' radar. A $22 billion sale of 30-year bonds is scheduled for Thursday.

Stock index futures were almost flat on Monday, as investors turned their attention to the U.S.-China trade talks expected to be held later in the day. S&P 500 futures (SPX) +0.1%, Nasdaq 100 futures (US100:IND) +0.