Stocks are likely to move to the upside in early trading on Monday, with the Nasdaq and the S&P 500 poised to reach new record highs. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 273 points.
Early buying interest is likely to be generated in reaction to upbeat news on the coronavirus front, with companies that have been hit hardest by the pandemic, like cruise operators and airlines, seeing notable pre-market strength.
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