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The global case tally for the coronavirus illness COVID-19 rose above 90 million on Monday, and the U.S. topped 22 million confirmed cases, after setting a record for new cases in a single day of more than 300,000 on Friday.

President-elect Joe Biden plans to distribute available doses of the COVID-19 vaccines when he comes into office — which is the latest proposal made by government officials in the U.S. and abroad who are trying to speed up a slow and complicated vaccination rollout.

Futures point to a lower start for equities on Monday, which would mark a pullback from record levels set at the end of last week as investors weigh rising risks around a continued surge in COVID-19 cases and monitor the fallout from a violent mob attack on Capitol Hill.

Credit Suisse strategists said the stock market exuberance was likely to continue, raising their target for global stocks and the S&P 500.