The USA500 is currently trading above 4,950 levels.
U.S. stock futures showed a modest uptick on Monday after last week's tech sector sell-off.
Dow futures rose 0.3%, S&P 500 futures climbed 0.4%, and Nasdaq 100 futures were up by 0.5%.
The S&P 500 and Nasdaq Composite indices dropped over 3% and 5.5% respectively last week due to inflation concerns, reducing expectations of multiple Fed rate cuts in 2024.
The Dow Jones Industrial Average fared better due to its lower tech exposure.
This week, focus will be on the release of the monthly personal consumption expenditures price index, a key inflation gauge, and quarterly earnings reports from the tech sector.