U.S. stock futures were heading higher early Monday, building on the record highs reached last week. Dow Jones Industrial Average futures added 50 points, or 0.1%. S&P 500 futures were gaining 0.2% and Nasdaq 100 futures increased 0.

The stock market reaction Wednesday to Republican Donald Trump's victory over Democrat Kamala Harris was swift and powerful, sending the Dow, the S&P 500 and the Nasdaq to all-time highs. The Fed rate cut the next day was icing on the cake for market bulls,

Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race.

The stock market marked a historic milestone on Friday, as the Dow Jones Industrial Average hit 44,000 for the first time in its 128-year history, while the S&P 500 crossed the 6,000 mark. Stocks continued their rally,