The Dow powered higher for an eighth consecutive day over the weekend as more positive economic news strengthened the US Federal Reserve's bias toward tighter monetary policy and the Trump administration revived chatter about tax reform.
The Dow Jones IA above the 22,000-point mark.
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 per cent, the US Bureau of Labor Statistics reported late on Friday. Employment growth has averaged 184,000 per month thus far this year, in line with the average monthly gain of 187,000 in 2016.
Analysts, on average, expect S&P 500 earnings to have grown 12 per cent in the second quarter and they project earnings up 9.3 per cent for the September quarter.
Among the US companies poised to report this week: CBS, Marriott, CVS Health, Walt Disney, Ralph Lauren, Twenty-First Century Fox, Office Depot, Agrium, Nvidia and Snap as well as retailers Macy's, Nordstrom, Kohl's and JC Penney.