US pre-open: Futures in the green following record highs in previous session

Wall Street futures were higher ahead of the bell on Tuesday after US stocks hit another record high in the previous session.

As of 1235 BMT, Dow Jones futures were up 0.45%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.47% and 0.43% firmer, respectively.

The Dow closed 204.10 points higher on Monday after Donald Trump unexpectedly signed off on a long-awaited second Covid-19 stimulus package.

Continuing to boost sentiment on Tuesday was a mixture of vaccine rollouts, fiscal stimulus and easy monetary policy.

AvaTrade's Naeem Aslam said: "The US stock futures are trading surging again today as traders are ready to push the stocks even higher. This is despite the fact that the US stocks made another record high yesterday. All of this is taking place on the back of positive optimism among traders who feel pleased that the US economy has plenty of support from the fiscal and monetary policy side.

"Yesterday, the House passed a bill to increase the direct payment of cheques to Americans to $2,000 from the previous level of $600. However, the GOP led Senate still needs to deliver the final verdict, and it is unlikely for any increment to take place."

The US has now recorded more than 19.78m total cases of Covid-19, claiming the lives of more than 343,180 Americans in the process.

On the macro front, the S&P/Case-Shiller October home price index will be published at 1400 GMT.