U.S. stock futures rose on Monday, indicating the Dow Jones industrial average and S&P 500 will add to record highs at the open.
Futures for the 30-stock index gained 71 points, or 0.2%, to 32,736.
Futures for the S&P docked one point at 3,931.75.
Futures for the NASDAQ Composite fell 6.25 points, or 0.1%, to 12,918.
Stocks that will benefit most from a swift economic comeback from the pandemic led the gains in pre-market trading. American Airlines and United Airlines shares were both up more than 2% in pre-market trading. Boeing, Gap and various energy stocks were also higher.
Stocks rose last week with the Dow Jones Industrial Average rising 4% and the S&P 500 gaining 2.6%. The S&P 500 and the Dow both closed at record highs Friday.
The NASDAQ Composite advanced 3% last week, despite a selloff on Friday spurred by rising interest rates. The jump in bond yields has challenged growth stocks in recent weeks and sent investors into cyclical pockets of the market. The NASDAQ is up less than 1% this month, while the Dow is ahead 6% and S&P is up 3.5%.
Investors will be gearing up for Wednesday when the Federal Reserve will deliver its decision on interest rates. The bond market in the coming week will likely take its cues from the Fed.
On the vaccine front, Biden announced last week that he would direct states to make all adults eligible for the vaccine by May 1. Biden also set a goal for Americans to be able to gather in person with their friends and loved ones in small groups to celebrate the Fourth of July.
Overseas, In Japan, the Nikkei 225 gathered 0.2-% Monday, while in Hong Kong, the Hang Seng picked up 0.3%.
Oil prices doffed 60 cents to $65.01 U.S. a barrel.
Gold prices moved forward $7.80 to $1,698.70 U.S.