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Stock futures rose Monday as investors looked ahead to jobs data in another shortened trading week.
Futures for the Dow Jones Industrials jumped 70 points, or 0.2%, to 42,764.
Futures for the S&P 500 Index surged 7.5 points, or 0.1%, to 5,924.
Futures for the NASDAQ Composite index gained 44.5 points or 0.2%, to 21,212.
Chip stocks led the early gain after Foxconn announced record fourth-quarter revenue. Nvidia rose more than 1.5% and Broadcom advanced 2.5% while Micron Technology tacked on 4.8%.
Constellation Brands, Walgreens Boots Alliance and Delta Air Lines will also report earnings toward the end of the week.
Investors are entering another shortened trading week – which will wrap the next of the first five January trading days – on a wobbly note and with lingering concerns about the Federal Reserve’s interest rate projections. The New York Stock Exchange will be closed Thursday to mourn the death of former President Jimmy Carter.
The December jobs report is due out Friday, and will be one of the last key pieces of data before the Fed meeting at the end of this month.
Investors are also watching the Job Openings and Labor Turnover Survey (JOLTS) Tuesday and December ADP Employment Survey Wednesday.
In Japan, the Nikkei returned to trading with a loss of 1.5%, while in Hong Kong, the Hang Seng index ducked 0.4%.
Oil prices soared 47 cents to $74.43 U.S. a barrel.
Gold prices added one dollar to $2,655.70 U.S. an ounce.
