U.S. stock-index futures were modestly higher on Monday, suggesting Wall Street would extend its push into record territory.
Futures for the Dow Jones Industrial Average rose 74 points, or 0.3%, to 25,866. Futures for the S&P 500 were up 6 points to 2,882.75, a gain of 0.2%. Nasdaq-100 futures were up 26.25 points to 7,522.75, a gain of 0.4%.
Friday’s records came after comments from Federal Reserve Chairman Jerome Powell, who affirmed that the U.S. central bank would continue its strategy of gradually normalizing its monetary policy. The policy is seen as a sign that the economy is strong enough to withstand rising interest rates. At the same time, the policy isn’t so aggressive that it indicates the economy is in danger of overheating.