Stock futures surged on Monday as investors anticipated delayed economic data to be released this week, potentially leading to a Federal Reserve interest rate cut next month. S&P 500 futures rose by 0.7%, Nasdaq 100 contracts were up by 1%, and Dow Jones Industrial Average futures increased by 0.3%.

Last week, major indexes experienced volatility due to concerns about overinflated artificial intelligence valuations. However, the Dow gained nearly 500 points on Friday after New York Fed President John Williams expressed support for lowering rates at the upcoming policy meeting on Dec. 9-10.

Read more at Dow Jones & Company: Markets Surge as Investors Bet on Fed Rate Cuts. Stock Futures Pop on Data Hope.