Futures traders were pricing in a higher than 90% probability of a September rate cut after Tuesday's inflation report, according to data from CME Group's FedWatch tool. Chances of a cut stood at more than 91% recently,

S&P 500 Futures inched 0.2% higher to 6,409.50 points, while Nasdaq 100 Futures jumped 0.8% to 23,835.75 points by 20:17 ET (00:17 GMT), signaling sharp gains in tech in the upcoming session.

Stock futures were edging higher on Sunday evening as investors prepared for a fresh batch of inflation data this week. At just after 6 p.m. Eastern time, Dow Jones Industrial Average futures were up 50 points or about 0.1%. S&P 500 futures and Nasdaq futures were also up about 0.1%.