US stock futures edged higher on Monday, with contracts on the three major indexes up around 0.2%, extending last week’s strong gains as traders await the Federal Reserve’s policy decision. Markets have fully priced in a 25 bps cut to the fed funds rate, while leaving a small chance for a larger 50 bps move. Investors largely expect rate cuts to persist through year-end. On the corporate front, Tesla shares surged nearly 7% in premarket trading after reports that Elon Musk purchased about $1 billion worth of the EV maker’s stock last week. In contrast, Nvidia slipped about 1.6% after Chinese regulators said the company had violated anti-monopoly laws.