(CNBC) Stocks were set to continue their big post-election rally as futures rose in overnight trading on Sunday. The gains came as Democrat Joe Biden defeated incumbent Donald Trump in the U.S. presidential race to become president elect, according to NBC projections. Futures on the Dow Jones Industrial Average rose 319 points, implying an opening gain of about 300 points on Monday. S&P 500 futures climbed 1.1% and Nasdaq 100 futures rose 1.4%.