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U.S. stock futures are firmly higher as the new week and month begin. 

Dow futures saw a gain of nearly 200 points, while S&P 500 and Nasdaq futures rose 0.5% and 0.2% as of 7:45 a.m. ET. The gains are extending Friday's rally powered by robust corporate earnings. 

Eighty-six percent of S&P 500 companies have reported positive profit surprises for the quarter, as noted by FactSet's John Butter.  If this percentage holds it will mark the highest percentage of S&P 500 companies on record. 

TickerSecurityLastChangeChange %
I:DJIDOW JONES AVERAGES33874.85-185.51-0.54%
SP500S&P 5004181.17-30.30-0.72%
I:COMPNASDAQ COMPOSITE INDEX13962.681208-119.86-0.85%

Investors are preparing for another busy week of corporate earnings from the likes of Pfizer and General Motors. 

Plus, there several key reports on jobs coming, starting with Wednesday's ADP data, weekly jobless claims on Thursday, which have fallen to the lowest level since the pandemic, and Friday's monthly payroll report, which is expected to show U.S. employers added 978,000, a rise from the 916,000 added in March.  The unemployment rate is expected to tick down to 5.8% from 6%, according to economist's estimates. 

TickerSecurityLastChangeChange %
GMGENERAL MOTORS CO.57.14+0.53+0.94%
PFEPFIZER INC.38.64+0.01+0.03%

In stock news, Warren Buffett's Berkshire Hathaway is in focus on reports Greg Abel, who runs the conglomerate's energy arm, will succeed the 90-year-old Oracle of Omaha when he is no longer at the helm of the company. 

WARREN BUFFETT'S SUCCESSOR WILL BE GREG ABEL: REPORT

In deal news, Verizon has confirmed it will sell its media assets including AOL and Yahoo to private equity firm Apollo for $5 billion. The new company will be called Yahoo and will continue to be led by CEO Guru Gowrappan.

TickerSecurityLastChangeChange %
VZVERIZON COMMUNICATIONS, INC.57.86+0.52+0.91%

In commodities, oil was marginally higher trading at $63.73 per barrel, while gold rose to $1,781 an ounce. 

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