The Australian market looks set to open higher after Wall Street closed the week 90 points up.

The Dow Jones Industrial Average finished up 90.54 points (0.63 per cent) at 14,512.03 on Friday.

The broad-based S&P 500 increased 11.09 (0.72 per cent) to 1,556.89, while the tech-rich Nasdaq Composite Index jumped 22.40 (0.70 per cent) to 3,245.00.

Locally, At 0635 AEDT on Monday, the June share price index futures contract was 24 points higher points at 4,993.

There is no major economic news scheduled for Monday.

In equities news, Domino’s Pizza Enterprises is scheduled to hold a special meeting.

In Australia, the market on Friday closed slightly higher after solid gains for the major banks offset weak overseas leads.

At the close on Friday, the benchmark S&P/ASX200 index was up 7.9 points, or 0.16 per cent, at 4,967.3 points.

The broader All Ordinaries index was up four points, or 0.08 per cent, at 4,980.8 points.