US stock index futures raised on Monday on indications of progress in coronavirus vaccine development and a swirl of multi-billion dollar deals, including a report of Oracle winning the battle over the US arm of TikTok.

Shares of Oracle (ORCL) rushed towards 8.4% in premarket trading, leading earnings among the S&P 500 voters after sources told Reuters the cloud services firm is setting foot in a deal arranged as a partnership rather than an outright sale to try to steer geopolitical strain between Beijing and Washington. 

Wall Street is coming off of two consecutive weeks of losses, as investors sold heavyweight technology shares such as Apple Inc (AAPL) and Amazon.com Inc (AMZN) that had powered the market’s solid rally since March.