After matching last week's record, Wall Street is poised to open with gains on Monday as corporate earnings season begins.
Futures for the Dow Jones Industrial Average rose 0.2% and futures for the S&P 500 rose 0.4%.
Wall Street's recent rise was driven in part by hopes of interest rate cuts amid falling U.S. inflation. Treasury yields have already fallen significantly on expectations of interest rate cuts, which helped the stock market's recovery accelerate significantly in November.
The Fed has indicated that rate cuts are coming, although some officials have suggested they could begin later than the market hopes.
Shares of agricultural giant Archer Daniels Midland plunged 15% in premarket trading on Monday after the company furloughed its top financial manager and postponed the release of its annual earnings report scheduled for Tuesday.
NuStar Energy rose 26% after the company said it would be acquired by Sunoco in a $7.3 billion all-stock deal. Sunoco slipped 3% in premarket trading.
Earnings season begins after the bell when United Airlines reports quarterly and full-year financial results.
France's CAC 40 gained 0.5%, Germany's DAX rose 0.4% and Britain's FTSE 100 was essentially flat.
In Asia, the Nikkei 225 index rose 1.7% to 36,546.95 in Tokyo. The Bank of Japan began a two-day monetary policy meeting on Monday and was expected to keep its ultra-low interest rates unchanged.
Hong Kong's Hang Seng fell 2.3% to 14,961.18. The index has shrunk more than 10% this year, its worst start to the year since 2016. The Shanghai Composite Index fell 2.7% to 2,756.34.
China's commercial banks left their benchmark lending rate unchanged on Monday as the yuan faced downward pressure, disappointing investors expecting measures to stimulate the economy. Last week, the People's Bank of China surprised markets by keeping its interest rate on medium-term credit facilities unchanged.
In South Korea, the Kospi fell 0.3% to 2,464.35. Australia's S&P/ASX 200 rose 0.8% to 7,476.60. In Bangkok, the SET fell 0.6%, while the Taiex in Taiwan rose 0.8%.
In energy trading, benchmark U.S. crude oil rose 18 cents to $73.43 a barrel. Brent crude, the international standard, rose 14 cents to $78.70 a barrel.
The US dollar fell to 147.87 Japanese yen from 148.14 yen. The euro was at $1.0886, down from $1.0897.
On Friday, the S&P 500 rose 1.2% to a record 4,839.81. The Dow Jones Industrial Average set its own record a month earlier, rising 1.1% to 37,863.80. The Nasdaq composite rose 1.7% to 15,310.97.
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