Futures contracts tied to the major U.S. stock indexes rose early Tuesday after a key volatility gauge Wall Street watches declined, which could unleash more buying from quant funds.
Futures for the Dow Jones rocketed 171 points, or 0.5%, to 31,567.
Futures for the S&P 500 picked up 19.75 points, or 0.5%, at 3,950.75.
Futures for the NASDAQ Composite added 73.75 points, or 0.5%, to 13,879.
The major averages finished last week at record levels even as February's rally appeared to cool off somewhat. The Dow has gained 4.9% in February, while the S&P 500 increased 5.9% and the NASDAQ has rallied 7.8%, respectively. The S&P 500 has raked in 10 record closes in 2021.
CVS Health jumped more than 2% after the drugstore chain's fourth-quarter earnings beat Wall Street's expectations with its pharmacy sales getting a lift from providing COVID-19 testing and vaccines.
Bitcoin crossed $50,000 for the first time ever Tuesday, continuing its dizzying rally as more companies warmed to the crypto space.
Overseas, in Japan, however, the Nikkei gained 1.3%, while in Hong Kong jumped 1.9%.
Oil prices were in the plus 19 cents to $59.66 U.S. a barrel.
Gold prices lost $15.50 to $1,807.70 U.S.