Dow Jones Industrial Average futures were up 288 points, indicating a higher open of 272 points, while S&P 500 and Nasdaq futures were also in the black.
The positive sentiment comes after one of the most important shopping events of the year pulled in a record $6.22 billion in online sales, according to data compiled by Adobe Analytics. Investors will likely be keeping a close eye on the retail sector, especially as Cyber Monday kicks off.
John Minchillo | AP
Shoppers browse the aisles during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky.
However, on Monday, oil prices were seen in positive territory, with London Brent crude trading 1.9 percent higher to $59.92 a barrel and U.S. West Texas Intermediate crude trading 1.61 percent higher to $51.23. Investors had been rattled by fears of oversupply and waning demand in the market.
Monday is a quiet earnings day, with fashion retailer Buckle set to report results after the bell. In economic data, Chicago Federal Reserve national activity index numbers are due at 8:30 a.m. ET, while Dallas Fed manufacturing survey data are due to be released at 10:30 a.m. ET.
Politics will be another area of focus for investors this week, with the G-20 summit in Argentina and Brexit dominating headlines. The meeting of the world's most powerful leaders will bring together President Donald Trump and Chinese President Xi Jinping, at a time of intense trade tensions between the two countries. Meanwhile, the U.K. has gained the backing of the European Union on its deal to withdraw from the soon-to-be 27-member bloc.