US stock futures recorded excellent performance at the beginning of this week as investors await a flood of economic data and earnings reports from giant companies.
The market will receive the January jobs report on Friday, which was previously delayed due to the partial government shutdown.
This development follows several indicators last week that showed the momentum of the labor market is slowing.
Meanwhile, the Consumer Price Index (CPI) reading for January, which was previously delayed, will also be published this Friday.
Market attention is also focused on earnings reports from major companies such as Coca-Cola, Ford Motor, Robinhood, McDonald’s and Coinbase Global.
In terms of major index movements on Monday, the Dow Jones rose 2.47% to 50,115.67 points, the S&P 500 jumped 1.97% to 6,932.30 points, while the technology-focused Nasdaq Composite rose 2.18% to 23,031.21 points.
This positive movement came after Wall Street's main indexes rebounded on Friday after suffering heavy losses earlier last week.
The fall was triggered by a massive sell-off in the technology sector, especially software stocks, which declined before recovering as investors took a risk-averse approach.
