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US stocks were set to open higher on Monday as investors prepared a basket of fresh economic data amid a short holiday week.

The Dow Jones Industrial Futures rose 92 points, or 0.2%, while futures for the S&P 500 and Nasdaq Composite were up 0.3%, hitting record highs on Friday.

anchorthe protectionThe lastChangeChange %
Me: DJIdow jones average35601.98-268.97-0.75%
SP500S&P 5004697.96-6.58-0.14%
me: compNASDAQ Composite Index16057.43748+63.73+0.40%

Data on current home sales will be released at 10 a.m. ET on Tuesday and Wednesday with more reports coming in, including durable goods, GDP and inflation.

Oil remained at $75 a barrel, as the report suggested countries including China and perhaps the US could tap strategic petroleum reserves.

anchorthe protectionThe lastChangeChange %
UseUnited States Oil Fund LP53.78-1.77-3.19%
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Investors are also awaiting the selection of President Biden for the next Federal Reserve chair in which he could nominate Jerome Powell for a second term or give Fed Governor Lyle Brainard a shot.

In earnings news, Zoom and retailer Urban Outfitters will report results after the bell.

anchorthe protectionThe lastChangeChange %
urbnUrban Outfitters, Inc.36.17-1.28-3.42%
ZMZoom Video Communications, Inc.251.30-4.45-1.74%