Stock Futures Tick Up After Friday's Surge


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U.S. stock-index futures edged higher on Monday as traders took a breather following the powerful, jobs-driven rally in the previous session.

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As of 7:50 a.m. ET, Dow Jones Industrial Average futures climbed 10 points, or 0.06%, to 16023, S&P 500 futures advanced 2 points, or 0.11%, to 1807 and Nasdaq 100 futures jumped 8.8 points, or 0.25%, to 3513.

The S&P 500 spiked 1.1% in its biggest jump since November 8 on Friday as traders cheered a considerably better-than-expected jobs report, but continued feeling fairly confident the Federal Reserve won't begin tapering its vast bond-purchasing program until next year. The broad-market average has had a bullish year, soaring close to 27% on a year-to-date basis.

There are no major economic reports due out on Monday, meaning traders might spend time mulling what the Fed's next move is going to be.

"Attention will likely focus today on the handful of FOMC members who will be speaking ahead of the blackout period that begins tomorrow," analysts at Nomura wrote in a note to clients.

There was also little due out in the way of corporate news.

In commodities, U.S. crude oil prices climbed 12 cents, or 0.12%, to $97.77 a barrel. The benchmark contract is up for seven sessions in a row -- its longest winning streak since 2012. Wholesale New York Harbor gasoline rose 0.01% to $2.7282. Gold edged higher by 60 cents, or 0.05%, to $1,230 a troy ounce.

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