U.S. stock futures rose in overnight trading, indicating gains at the open on Monday, extending last week’s gains. Last week’s rally took the Dow and the S&P 500 to record highs.
Dow Jones futures were up 105 points. S&P 500 futures rose 0.25% and Nasdaq 100 futures rose 0.2%.
Last week, stocks soared, with the Dow Jones Industrial Average rising 4% and the S&P 500 rising 2.6%. Both the S&P 500 and the Dow Jones Industrial Average closed at all-time highs on Friday.
The U.S. 10-year Treasury hit its highest level in more than a year on Friday. The benchmark Treasury note reached 1.642%, its highest level since February 2020.
The small-cap benchmark Russell 2000 rose more than 7% last week as investors shifted to small-cap stocks benefiting from a strong economic recovery.