The Roundhill Magnificent Seven ETF, which holds Nvidia, Apple Inc., Microsoft Corp, Google parent Alphabet Inc., Amazon.com Inc., Tesla Inc. and Facebook parent Meta Platforms Inc, was up 2.3%, according to FactSet data, at last check. That exceeded the S&P 500’s 1.3% rise.

U.S. stock index futures edged higher on Monday, building on a late rally last week, as investors bought into technology stocks on continued optimism around AI and awaited crucial economic data that could set the tone for the U.