U.S. stock futures were higher early Tuesday morning following a rally that lifted the major averages to fresh record highs.
Futures for the Dow Jones Industrials acquired 129 points, or 0.4%, at 30,434.
Futures for the S&P 500 picked up 16 points, or 0.4%, at 3,743.50.
Futures for the NASDAQ Composite jumped 57.5 points, or 0.5%, to 12,890.25.
The Dow jumped 204 points, or 0.7%, on Monday, while the S&P 500 gained 0.9%, and NASDAQ climbed 0.7%. All three benchmarks reached new intraday and closing highs in the previous session.
Those gains came after President Donald Trump signed a $900-billion coronavirus relief package into law. The measure includes a direct payment of $600 to most Americans. The signing came days after Trump demanded a $2,000 direct payment. The House passed a bill late Monday to increase the direct payments to $2,000, but the GOP-led Senate is unlikely to pass the measure.
Monday's rally put the S&P 500 up 15.6% for the year and the Dow up 6.5% over that time period. The NASDAQ, meanwhile, has surged more than 43% in 2020 as investors flocked into major tech names such as Apple, Amazon and Facebook.
The number of coronavirus cases keeps rising in the U.S., however, casting doubt over the economic recovery heading into the New Year. Over the past week, at least 184,000 new infections have been reported in the U.S. per day, according to an analysis of Johns Hopkins University data.
Overseas, in Japan, the Nikkei 225 surged 2.7% Tuesday, while in Hong Kong, the Hang Seng index jumped 1%.
Oil prices improved 50 cents to $48.12 U.S. a barrel.
Gold prices acquired two dollars at $1,882.40 U.S.