U.S. stock futures rose Monday, bond yields jumped to their highest levels since last March, and oil prices also advanced as investors wagered that a new round of stimulus spending would bolster the economy.
Futures tied to the S&P 500 ticked up 0.3% after the benchmark stocks gauge posted its biggest one-week advance since November and closed Friday at an all-time high. Futures for the technology-heavy Nasdaq-100 added 0.3% and the Dow Jones Industrial Average contracts gained 0.4%.
Stocks have powered higher in recent trading sessions, putting the volatility sparked by swings in GameStop and other individual stocks in the rearview mirror. Investors are focusing on the prospect for a new batch of government spending. They say that could boost growth at a time when large companies are reporting robust profits but the broader economic outlook is patchy.
Democrats took a…