Buoyant Stocks Propel Markets; Eyes on Economic Indicators

U.S. stock futures rose, adding to gains post-election as investors anticipate crucial economic data. Tesla surged, driving equity momentum, while crypto stocks rallied with bitcoin's leap past $81,000. Focus remains on the Federal Reserve's rate decisions and inflation data to gauge economic health and market outlook.

U.S. stock index futures made gains on Monday, continuing the climb seen after the recent election. Investors are keenly awaiting upcoming economic data that will play a crucial role in determining if the rally can maintain its momentum.

Electric vehicle giant Tesla saw a notable 7.3% increase in premarket trading after reaching a $1 trillion valuation late last week. Contributions to the positive trend include trigger factors like President-elect Donald Trump's proposed tax cuts, which investors expect will benefit key sectors such as the small-cap Russell 2000 index.

The stock market surged last week following Trump's election victory. The S&P 500 and Dow indexes recorded their best weeks in over a year, with advances aided by a rally in crypto stocks as bitcoin pushed past $81,000. Market attention now shifts to upcoming inflation data and interest rate decisions to better understand economic health.

(With inputs from agencies.)