Stocks continued their upward momentum on Monday, with major indexes aiming to extend their winning streaks following their best week of the year. The Dow Jones Industrial Average climbed 0.4%, while the S&P 500 and Nasdaq Composite gained 0.6% and 0.8% respectively. This broad-based rally saw all sectors of the S&P 500 moving higher.

Investors remain optimistic as stocks recover from previous losses earlier in the month. Concerns about the health of the economy have subsided, and the anticipation of long-awaited interest rate cuts by the Federal Reserve starting next month is further bolstering market sentiment.

Despite ongoing market volatility, mega-cap tech stocks showed mixed performance. Nvidia and Alphabet witnessed gains of 3.5% and 1.5% respectively, while Amazon and Microsoft posted smaller gains. Apple and Meta Platforms experienced slight declines.

In terms of economic data, this week's calendar is relatively light. However, investors will closely monitor comments from several Federal Reserve officials scheduled to speak in the coming days. The highlight of the week will occur on Friday when Fed Chair Jerome Powell delivers remarks at the Jackson Hole Economic Symposium.

Earnings reports also remain in focus, with Palo Alto Networks set to announce its quarterly results after Monday's market close. Investors eagerly anticipate a strong 2025 outlook and updates on the company's "platformization" strategy.

Meanwhile, Mizuho Research analysts have highlighted the growing power demand for data centers in the U.S. driven by artificial intelligence applications. They expect this surge in demand to benefit electric utilities stocks like Constellation Energy, Duke Energy, and NextEra Energy. Additionally, infrastructure providers such as Equinix are poised to gain from this trend.

Renewable energy companies are also expected to see increased demand, with solar and wind energy resources predicted to supply more than half of U.S. electricity by 2030. Companies like First Solar, GE Vernova, and Nextracker stand to benefit from this shift. Furthermore, the rising power needs of data centers are expected to drive demand for natural gas, benefiting stocks like Chesapeake Energy, EQT, Kinder Morgan, and Williams Companies.

On another front, Advanced Micro Devices (AMD) made a significant move to expand its presence in the artificial intelligence (AI) sector. The company acquired data center infrastructure provider ZT Systems for a cash-and-stock deal valued at $4.9 billion, with further payments contingent on achieving certain milestones after the acquisition.

Looking ahead, futures indicate a relatively flat open for major indexes, with Dow Jones Industrial Average futures slightly lower, S&P 500 futures up marginally, and Nasdaq 100 futures also showing a slight increase.

Overall, market sentiment remains positive as investors hope for continued economic stability and anticipate the Federal Reserve's actions to support the economy through interest rate cuts.