BY THE NUMBERS

U.S. stock futures rose slightly Monday after the S&P 500 and Nasdaq broke two-week losing streaks and had their best weekly performances since February. The Dow, which ended a four-week losing streak, had its best weekly performance since March. The Dow and the Nasdaq still have more work to do, but the S&P 500 closed at a record high Friday, rebounding from a stretch of selling that began on Nov. 26. (CNBC)

Futures trimmed gains, however, as British Prime Minister Boris Johnson confirmed Monday that at least one patient infected with the omicron Covid variant died in the U.K. While the delta variant remains the dominant strain in the U.S., contributing to more than 1,200 deaths per day, American officials are doubling down on their push to get Americans vaccinated in the face of highly mutated omicron. (CNBC)

After Friday's biggest year-over-year jump in consumer prices in nearly 40 years, inflation will again be the focus for investors as Tuesday brings the latest read on producer prices and the start of the Federal Reserve's two-day December meeting. The central bank, in its final scheduled policy gathering of the year, is expected to discuss speeding up the end of its bond-buying program. (CNBC)

* El-Erian says 'transitory' was the 'worst inflation call in the history' of Fed (CNBC)