U.S. stock futures edged up Monday, pointing to a fresh record for the S&P 500 after it ended last week at an all-time high.

Futures tied to the S&P 500 ticked up less than 0.1%. The broad market gauge has climbed for three consecutive weeks. Nasdaq-100 futures added 0.2%, pointing to a moderate rise in technology stocks at the opening bell.

Stocks have ground higher amid an improving growth outlook in many developed countries and continued central bank support. All eyes will be on Federal Reserve policy makers’ comments this week following a two-day meeting. Investors remain concerned that the Fed’s evolving views on inflation and the labor market could prompt the central bank to scale back easy-money policies sooner than previously expected.

“Stock markets are by and large around all-time highs. We think there is still more upside there,” Salman Baig, multiasset investment manager at Unigestion. “We’re seeing clear signs that the recovery is sustainable.”

In bond markets, the yield on the benchmark 10-year Treasury note edged up to 1.464% from 1.462% on Friday. The yield, which moves inversely to price, has dropped for four consecutive weeks, in part because foreign investors and pension funds are boosting their holdings of U.S. government bonds.

“Fundamentally, bond yields should be much higher,” Mr. Baig said. “You’re seeing higher inflation being priced into cyclical commodities, growth being priced higher in equities, but bond yields are still pricing fairly muted growth and inflation.”

Another reason for the low yields is that money managers believe Fed officials will hold off on tapering until the economy is much stronger, said Lale Akoner, market strategist BNY Mellon Investment Management.

“What the Fed is saying around transitory price pressures are resonating in the bond market,” said Ms. Akoner.

Bitcoin jumped 6.6% from its level at 5 p.m. ET Friday to trade around $39,300, according to CoinDesk. Elon Musk tweeted Sunday that Tesla will resume accepting the cryptocurrency as a form of payment when miners use more clean energy.

Brent crude, the international energy benchmark, rose 1.2% to $73.59 a barrel, the highest since 2018.

“Demand for oil is increasing, but oil majors haven't done a lot of capex [investing], so there are some pretty significant supply constraints that we’ll face,” Mr. Baig said. “The market has started pricing this in.”

Overseas, the pan-continental Stoxx Europe 600 rose 0.2% after closing at a record on Friday.

Japan’s Nikkei 225 rose 0.7% by the close of trading, and South Korea’s Kospi Index added 0.1%. Chinese and Australian markets were closed Monday for public holidays.

The Nasdaq stock exchange on Friday was decorated for a belated welcoming for DraftKings, which went public in April 2020 combining with a SPAC.

The Nasdaq stock exchange on Friday was decorated for a belated welcoming for DraftKings, which went public in April 2020 combining with a SPAC.

Photo: Richard B. Levine/Zuma Press

Write to Anna Hirtenstein at anna.hirtenstein@wsj.com