U.S. stock futures rose to start the trading week, but gains were capped by worries about an uptick in coronavirus cases.
Futures for Dow Jones Industrials leaped 186 points, or 0.7%, early Monday, to 25,715.
Futures for the S&P 500 jumped 24.25 points, or 0.8%, to 3,083.75.
Futures for the NASDAQ Composite Index hiked 86.25 points, or 0.9%, to 10,009.75.
Shares of big technology stocks Apple and Microsoft increased in pre-market trading. Stocks that are bets on the economy reopening were mixed. Airlines and casino shares were lower, but retailers were higher in premarket trading.
The major U.S. stock averages are coming off their fourth weekly gains in five weeks. Both the Dow and S&P 500 advanced at least 1% last week, while the NASDAQ Composite surged more than 3%.
Apple and Microsoft each gained at least 0.5% in premarket trading as investors bought into technology shares which have show resilience during the pandemic.
Shares of Gap were higher by 5% in pre-market trading. Kohl's and Costco were also higher. Walmart gained after an upgrade by UBS. The gains in Gap shares were boosted by an upgrade at Wells Fargo, which cited the retailer's “under-appreciated value and optionality.”
The U.S. reported more than 30,000 additional coronavirus cases on Friday, the highest number of confirmed one-day infections since May 1, data compiled by Johns Hopkins University showed. Nevada, Florida, California and Arizona have also reported record-high single-day infections.
The recent coronavirus uptick in some states led Apple to reclose some of its stores. Meanwhile, a trade group said cruise lines voluntarily suspended all trips until Sept. 15.
Overseas, in Tokyo, the Nikkei 225 faded 0.2% Monday, while in Hong Kong, the Hang Sang dipped 0.5%.
Oil prices dipped 50 cents at $39.25 U.S. a barrel.
Gold prices jumped $4.90 to $1,757.90.