US stocks are set to open higher, as stimulus talks and vaccine rollouts pick up, while fears over day traders fall as GameStop sinks

US stocks are set to open higher, as stimulus talks and vaccine rollouts pick up, while fears over day traders fall as GameStop sinks

US stocks were set to open higher on Tuesday as markets started February on the front foot, with the rollout of coronavirus vaccines and talks over Joe Biden's stimulus plan encouraging investors.

S&P 500 futures were up 0.84%, Nasdaq futures were 0.86% higher and Dow Jones futures had risen 0.83%. The Vix index, which measures stock-market volatility, fell to below 28 after spiking to above 37 last week.

The dollar index slipped back slightly from an overnight 7-week high of 91.06, with a weaker euro and stronger growth prospects supporting the greenback and bond yields.

Asian stocks jumped overnight as short-term borrowing costs fell in China and US stimulus talks boosted optimism. European stocks climbed at the opening bell.

Stocks rallied on Wall Street on Monday after the worst week since October, as fears about the impact of day traders on the broader market subsided.

Read More: A chief investment strategist breaks down how the GameStop saga could upend long-standing practices on Wall Street “” and shares her 4-part advice for navigating the frenzied trading environment

An army of amateur investors piled into previously unloved stocks such as GameStop and AMC last week, driving up share prices and hitting hedge funds who had been betting against the