Futures for U.S. markets were strongly in the green late Monday despite a major earthquake off the Japanese that rattled nerves and initially pushed the Nikkei index lower, but did scant damage.

The S&P 500 was up 0.28%, the Dow Jones Industrials 0.27% and the Nasdaq 0.35% at 9:08 p.m. ET.

Investors appear ready to continue backing the Trump rally, which Monday led to record closes for all three indices. Stocks also got a boost from an increase in oil prices as traders began to price in an expected production cut by OPEC.

The rally pushed the S&P up 0.75% to 2,198.18 points, the Dow 0.47% to 18,956.69 points and Nasdaq 0.89% to 5,368.86 points Monday. Europe was also encouraged by the U.S. euphoria and higher oil with Germany's Dax gaining 0.19%, France's Cac, 0.56%, and the FTSE in London, 0.03%, Monday.

Asia also wanted to open across the board until the 6.9 magnitude earthquake off the coast of Japan sparked tsunami advisories and spooked investors in morning trade. As the advisories were rescinded, the Nikkei returned to positive territory and was 0.08% higher, while Hong Kong's Hang Seng added 1.22%, the Kospi in South Korea was up 0.72% and the ASX in Australia gained 1.17% at 9:09 p.m. ET. 

Oil continued its ascension as Asia awoke, with a barrel of industry standard Brent crude now approaching the psychological $50 mark with an increase of 0.96% to $49.37. West Texas crude gained 1% to $48.72. Both prices are futures for delivery in January and were current as of 9:20 p.m. ET.

Although the dollar has moved off a 13-year high set on Monday, the pound was flat at $1.2498 while the yen gained 0.0117% to ¥110.719.

Although hundreds of stocks hit new highs Monday, not everyone was a winner. In after-hours trade, shares of Jack in the Box (JACK) slipped 3.34% to $98.25 after issuing a downbeat profit outlook for fiscal 2017.

The San Diego, Calif., company expects to report fiscal 2017 adjusted earnings of between $4.55 and $4.75 a share. Analysts surveyed by FactSet had expected $4.75 a share for the year.

The company also reported an increase fourth-quarter adjusted earnings to $1.03 a share from 62 cents a share a year ago, topping the FactSet consensus of 88 cents a share.

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