On Monday, Wall Street's primary stock indexes were expected to begin the week higher as traders anticipated economic figures that might provide clues about when the Federal Reserve would begin reducing interest rates later in the week.

With indications of declining inflation and hopes that the U.S. central bank will soon soften its monetary policy, purchasers are positioning the major Wall Street indexes to close 2023 on a positive note.

On Friday, the Dow recorded its third consecutive session at a new high, and S&P 500 continued to rise for a seventh week in a row, marking its longest winning streak since 2017.

Eyes this week are on a list of economic figures including Fed's preferred inflation measure PCE , jobless claims, housing report and GDP for the Q4.

Following Fed's decision to maintain interest rate stability and the official estimates factoring in a quarter of a percentage point of rate decreases in 2024, U.S. equities markets saw a surge last week.

Dow e-minis advanced by 58 points, or 0.15%, S&P 500 e-minis rose by 13 points, or 0.27%, and Nasdaq 100 e-minis added 25 points, or 0.15%.