Stock Market Update

The stock market is poised for a stronger start that will see the major averages challenge Friday's record high levels. 

Mega-cap stocks are driving the gains in futures this morning ahead of a week that will see five "magnificent seven" companies report earnings, along with a plethora of other names. 

Positive sentiment around a framework trade agreement between the U.S. and China is adding to the momentum, as is the expectation for a 25-basis-point rate cut at Wednesday's FOMC meeting. 

Corporate news flow is relatively quiet this morning (though that will change as earnings ramp up this week), leaving investors focused on the optimistic macro catalysts driving gains in the futures market.