Dow, S&P futures inch higher as banks, energy stocks jump By Reuters – Investing.com

Dow, S&P futures inch higher as banks, energy stocks jump By Reuters – Investing.com

(Reuters) - Futures tracking the Dow and the edged higher on Monday, as investors pivoted towards economically sensitive sectors, with focus turning towards upcoming economic readings and ongoing talks over increased government spending.

Oil majors Exxon Mobil (NYSE:) and Chevron Corp (NYSE:) rose 1.5% and 1.2% in premarket trade, respectively, tracking crude prices, while big lenders including JPMorgan (NYSE:), Citigroup (NYSE:), Morgan Stanley (NYSE:) and Bank of America Corp (NYSE:) gained about 0.8%. [O/R]

Industrials 3M Co and Caterpillar Inc (NYSE:), which tend to benefit the most from an economic rebound, also inched higher.