Another day, another record high in US equity futures as spoos hit a new record high of 4492 just before the European open, with Nasdaq 100 futs also hitting a record as positive news around U.S. vaccination boosted shares of energy and travel-related companies while expectations of a dovish Jackson Hole boosted overall market sentiment. At 7:30 a.m. ET, Dow e-minis were up 57 points, or 0.16%, S&P 500 e-minis were up 7.5 points, or 0.17%, and Nasdaq 100 e-minis were up 39points, or 0.25%.

All three major U.S. stock indexes ended the session sharply higher on Monday, with the benchmark S&P 500 hitting an intra-day record driven by a surge in energy and industrial shares after the CDC gave the first full approval for a COVID-19 vaccine. The rally continued overnight after a rebound in Chinese technology stocks carried through to U.S.-listed Chinese companies in pre-market trading, with Alibaba Group Holding Ltd. and JD.com Inc. up more than 5% and 8% respectively. However, the ramp lost steam after the European open as stocks faded an early jump in the Stoxx 600 as declines for healthcare and utilities offset increases for cyclical shares including travel and autos. Basic resources outperformed as crude oil extended an advance and iron ore surged more than 10%. Treasuries dipped and the dollar was steady.

Gigatech FAAMGs all gained between 0.1% and 0.8% in premarket trading, a day after the Nasdaq Composite index hit an all-time closing high. Oil majors Chevron Corp and ExxonMobil Corp adding 0.8% and 0.9%, respectively, as the bounce in oil continued and Brent rose above $70.  Cruiseliners rose about 1.1%, while casino operators MGM Resorts, Wynn Resorts and online travel agency TripAdvisor added between 1.2% and 2.2% on hopes that increased vaccination rates in the United States would spark a stronger rebound in travel and leisure activities. Here are some of the other biggest U.S. movers:

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