U.S. stock index futures pointed to a higher open Monday morning as investors pause following a record-setting rally on Wall Street last week and Chinese economic data meeting expectations.
Around 6:45 a.m. ET, Dow futures were indicated a positive open of about 25 points. The S&P 500 and Nasdaq also pointed to modest gains.
Major indexes surged the new highs last week after U.S. Federal Reserve Chairman Jerome Powell indicated during congressional testimony that an interest-rate cut could be on the horizon from the central bank. The Dow closed above 27,000 for the first time on Thursday and Friday's gain brought its increase on the week to 1.5%.
Source : CNBC