US futures rose ahead of a series of earnings and testimonial launches by Janet Yellen, which is expected to support higher coronavirus aid spending.
S&P 500 futures rose 0.6%, indicating a rally after the opening bell. Those linked to the Nasdaq-100 added 0.9%, suggesting gains in technology stocks.
The earnings season begins on Tuesday, with Goldman Sachs and Bank of America launching their results before the markets open. Netflix is expected to report after hours.
Ms Yellen is scheduled to speak before the Senate Finance Committee at 10 a.m. ET, which will vote on her nomination for Secretary of the Treasury. According to a copy of her prepared remarks, she intends to tell lawmakers that the US risks a longer and more painful recession unless Congress approves more aid and encourages them to “act largely” to support the recovery. .
President-elect Joe Biden last week unveiled a plan for a $ 1.9 trillion fiscal stimulus package, which would include direct payments of $ 1,400 to most households and spending on vaccines. His passage through Congress is one of the first major tests for the incoming leader, which will be inaugurated on Wednesday.