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.

The stock market is poised to end the holiday-shortened week on a positive note. The Nasdaq has been the biggest winner, gaining 1.8% this week. The S&P 500 has climbed 1.1%, while the Dow has jumped 2.

U.S. equity futures edged higher in early Tuesday trading, while Treasury yields steadied and the dollar slipped, as investors looked to the first of a series of job market data releases that could test the market's early January rally.

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.