Stock futures climbed Monday, with the Dow and S&P 500 up 0.2%, while the Nasdaq gained 0.1%. The market is building on last week’s rally, where the Nasdaq hit back-to-back records and the S&P 500 neared an all-time high.
Tech stocks led gains, with Apple surging on White House momentum and Nvidia reaching a new peak amid signals that chip tariffs may ease. However, investors remain cautious as new U.S. tariffs take effect, with duties on semiconductors and pharmaceuticals in focus.
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Key inflation data – CPI on Tuesday and PPI on Thursday – will be watched closely, especially after June’s price spike. The Fed, with a likely rate cut in September, is also in focus as President Trump nominates an ally to its board.
Retail sales data on Friday will round out a busy week for markets.
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