Asian shares outside of China are lower in cautious trading ahead of earnings reports both in the region and overseas, after Wall Street's long, record-breaking rally ran out of steam

U.S. stocks are drifting around their all-time highs Monday. The S&P 500 was virtually unchanged in morning trading, coming off its sixth straight winning week, its longest such streak of the year. The Dow Jones Industrial Average was edging back by 106 points,

Asian shares have opened mostly higher after U.S. stocks rose to records to close out their latest winning week. U.S. futures and oil prices also climbed. Hong Kong's Hang Seng was an outlier, falling 0.

Wall Street tipped toward losses before the open on Monday as markets gird for another busy week of corporate earnings reports.

U.S. stocks drifted around their record heights following the latest signals that the U.S. economy continues to hum. The S&P 500 finished Thursday virtually unchanged after flirting with its all-time