Nasdaq, S&P, Dow futures rise as Wall Street comes off strong week

Stock index futures were in the green on Monday, as Wall Street comes off a strong week on the back of the U.S. presidential election and the Federal Reserve’s latest rate cut.

S&P 500 futures (SPX) +0.3%, Nasdaq 100 futures (US100:IND) +0.2% and Dow futures (INDU) +0.4%.

The U.S. bond market is closed today on account of Veterans Day.

U.S. stocks closed higher in Friday’s session, highlighted by the S&P 500 and the Dow Jones Industrial Average pushing above key thresholds.

Looking back at last week, U.S. assets performed incredibly strongly after Donald Trump’s win, Deutsche Bank’s Jim Reid said.

“U.S. data may not be as heavily scrutinized as usual at the moment as with the Trump victory, the market might conclude that there may be changes in animal spirits in the near-term and policy in the medium-term,” Jim Reid added.

The economic calendar is quiet today, with no major event scheduled. However, over the week, there will be key data slated to land, including the October consumer price index on Wednesday, and the producer price index on Thursday.

Earnings will also continue to be in the limelight, with firms like Shopify (SHOP), Home Depot (HD), The Walt Disney Company (DIS) and Alibaba (BABA), among others set to report in the week.