UBER - Futures up as Investors Try to Build on Friday Gains

Stock futures rose Monday after the major averages notched their first big rally of the new trading year.

Futures for the Dow Jones Industrials sprinted 80 points, or 0.2%, early Monday to 33,852.

Futures for the S&P 500 jumped 13.5 points, or 0.3%, to 3,929.25.

Futures for the NASDAQ Composite advanced 47.5 points, or 0.4%, to 11,961.

All the major averages advanced last week, with the Dow and S&P posting their best week since November. The Dow on Friday surged 700 points, or 2.1%, while the S&P 500 added 2.3%, and NASDAQ Composite picked up 2.6%, after the December jobs report signaled that inflation may be easing.

Duck Creek Partners has agreed to a takeover deal with Vista Equity Partners. The deal is for $19 per share, or about $2.6 billion.

Uber was upgraded to overweight from neutral by Piper Sandler, which said that higher car prices will push more consumers to use ride-sharing services — especially Uber.

The New York Fed Survey of Consumer Expectations and consumer credit data are due out Monday. Later in the week, investors will look for December's consumer price index report Thursday and big bank earnings Friday.

In Japan, markets were closed for holiday, while in Hong Kong, the Hang Seng Index climbed 1.9%.

Oil prices galloped $2.44 to $76.21 U.S. a barrel.

Gold prices brightened $10.60 to $1,880.30 U.S. an ounce.