Dow, S&P Futures Inch Higher as Banks, Energy Stocks Jump

A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, N.Y., on June 28, 2021. Andrew Kelly/Reuters

Futures tracking the Dow and the S&P 500 index edged higher on Monday, as investors pivoted towards economically sensitive sectors, with focus turning towards upcoming economic readings and ongoing talks over increased government spending.

Oil majors Exxon Mobil and Chevron Corp. rose 1.5 percent and 1.2 percent in premarket trade, respectively, tracking crude prices, while big lenders including JPMorgan, Citigroup, Morgan Stanley and Bank of America Corp. gained about 0.8 percent.