Wall Street futures rose as bets on a December rate cut by the Federal Reserve (Fed) strengthened again.
The development helped to restore market sentiment from last week's losses, while investors also watched for signs of recovery in previously battered technology stocks.
The futures rise was supported by positive comments from Fed officials calling for a December rate cut, as well as mixed jobs data that increased expectations of monetary easing.
The S&P 500 index rose 0.6% to 6,657.0 points, the Dow Jones rose 0.4% to 46,491.0 points, while the technology-focused Nasdaq rose 0.8% to 24,489.75 points.
Bets on a December rate cut rebounded in the latest session after several dovish statements from Fed officials sparked a recovery last week.
Several Fed officials have expressed mixed and cautious views on a December rate cut.
However, New York Fed President John Williams has called for a rate cut next month.
According to CME FedWatch, investors now expect a 67.4% chance that the Fed will cut interest rates by 25 basis points at its December 10-11 meeting, compared to 39.8% last week.
The focus now shifts to some key economic data releases this week, when the US government releases September statistics that were previously delayed due to the extended shutdown.
Producer Price Index (PPI), retail sales and industrial production data for September will be released on Tuesday, while third-quarter Gross Domestic Product (GDP) figures will be released on Wednesday.
