Stocks got off to a strong start on Monday, with Dow futures rising

Dow Jones futures

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.

Damon Harrison
Market Analyst, IPG Group