Though first-quarter earnings season is winding down, a handful of major companies will still be reporting results this week, including some of the newly public names like Airbnb, Roblox and Bumble. The Commerce Department's retail sales report is also set for release, offering another update on the strength of consumer spending during the economic recovery.
It's a broad market rally, but highly valued growth is "out of bounds," including Tesla and Coinbase. Dow futures edged higher. Crude oil and gasoline futures rose.
Stocks rose on Monday amid speculation that interest rates will remain low due to receding inflationary pressure, while oil and gas prices jumped after a cyber attack on a U.S. pipeline operator unnerved markets. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, while U.S. stock futures rose 0.14%. U.S. nonfarm payrolls data on Friday showed jobs growth unexpectedly slowed in April, which gave equities a lift but put downward pressure on the dollar and U.S. Treasury yields.