U.S. stock futures traded higher on Sunday night (Monday AEDT) as Wall Street entered a shortened trading week due to the Thanksgiving holiday.
U.S. markets will be closed on Thursday and operate with reduced hours on Friday.
By 10:15 am AEDT (11:15 pm GMT) futures for the Dow Jones Industrial Average added 205 points, or 0.5%, S&P 500 futures added 22.5 points or 0.4% and Nasdaq 100 futures gained 94.8 points or 0.5%.
The positive start follows a winning week for equities, driven by a renewed post-election rally. The Dow rose approximately 2% last week, closing at a record high, while the S&P 500 and Nasdaq Composite each added 1.7%.
Small-cap stocks also performed well, with the Russell 2000 surging 4.5%.
This week’s economic calendar focuses on the Federal Reserve's inflation outlook. The October personal consumption expenditure (PCE) price index, a key inflation measure, is due for release.
Additionally, minutes from the Fed's latest policy meeting will be published, potentially offering further insight into the central bank's interest rate trajectory.
On the earnings front, Bath and Body Works is set to release its quarterly results on Monday, followed by reports from retailers Macy’s, Nordstrom, and Best Buy on Tuesday.
Tech companies including CrowdStrike and Dell Technologies are also scheduled to announce earnings later in the week.