S&P Futures Near Record High in Bright Start to Year

The Wall Street sign is seen outside the New York Stock Exchange (NYSE) in New York, on Dec. 17, 2019. Brendan McDermid/Reuters

S&P 500 futures neared record levels on Monday as equity markets looked to extend a recovery from the pandemic shock into the new year, while shares in heavyweight Tesla jumped after the electric carmaker posted bumper delivery numbers.

Tesla’s shares rose 6.7 percent in premarket trading after the company’s quarterly deliveries exceeded Wall Street estimates, riding out global chip shortages as it ramped up production in China.