While this positive trading sentiment is set to continue, domestic and political news, however, are set to keep investors on edge.
One of the key stories set to dominate talk Tuesday is that of Sunday's deadly shooting in Las Vegas. At least 59 people were killed and more than 500 were injured after a gunman opened fire on thousands of concertgoers at a country music festival. The incident has been categorized as the deadliest mass shooting in modern U.S. history.
In commodities, oil prices showed signs of being under pressure during early market trade, as global supply glut concerns continued to weigh on investor sentiment. At 8:19 a.m. ET, U.S. crude fell slightly, trading around $50.41 per barrel, while Brent hovered around $55.89.