US STOCKS-Wall St set to hit record highs at open on stimulus bets

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* Tesla invests $1.5 bln in bitcoin; crypto stocks jump
* Disney, Cisco climb ahead of results this week
* Futures up: Dow 0.45%, S&P 0.37%, Nasdaq 0.41%

(Adds comment, details; updates prices)
By Devik Jain and Shreyashi Sanyal
Feb 8 (Reuters) - Wall Street's main indexes were set to hit
record highs at the open on Monday, as investors made risky bets
on hopes that a fiscal relief package would lead to a speedy
economic recovery.
Oil prices rose to their highest in more than a year,
lifting Marathon Oil Corp MRO.N , Schlumberger NV SLB.N ,
Exxon Mobil Corp XOM.N , Chevron Corp CVX.N and Occidental
Petroleum Corp OXY.N between 1% and 1.9% premarket. O/R
Last week, the S&P 500 .SPX and the Nasdaq .IXIC logged
their best weekly performance since the U.S. elections in early
November, on upbeat earnings and economic data.
Sentiment was also boosted by U.S. Treasury Secretary Janet
Yellen's comment on Sunday that if Congress approves the $1.9
trillion plan, the country would get back to full employment
next year.
The U.S. Congress on Friday approved a budget plan that
would allow a coronavirus relief bill to muscle through in the
coming weeks without Republican support.
"There's increasing odd of much closer to the $1.9 trillion
stimulus getting passed than a lower number," said Jim Besaw,
chief investment officer at GenTrust in Florida.
"There might be a potential pullback after a stimulus
package is unloaded - buy the rumor sell the fact."
Progress in vaccination efforts and upbeat fourth-quarter
earnings have helped investor shrug off fears of a short-term
pullback in stocks due to lofty valuations and increasing
coronavirus infections.
Bitcoin BTC=BTSP surged more than 10% to a record high
after Tesla Inc TSLA.O said it had invested around $1.5
billion in the cryptocurrency and would begin accepting payment
in bitcoins for its cars and other products. Tesla shares rose about 2%, while cryptocurrency miner Riot
Blockchain RIOT.O and Marathon Patent Group MARA.O surged
over 20% each.
At 08:33 a.m. E.T., Dow E-minis 1YMcv1 were up 140 points,
or 0.45% and S&P 500 E-minis EScv1 were up 14.25 points, or
0.37%. Nasdaq 100 E-minis NQcv1 were up 56 points, or 0.41%.
Walt Disney Co DIS.N , Cisco Systems Inc CSCO.O and
General Motors Co GM.N were up between 1.6% and 2.8% ahead of
their earnings reports this week.
S&P 500 companies were now on track to post earnings growth
for the fourth quarter as opposed to a prior forecast of
decline, according to Refinitiv IBES data.
Hasbro Inc HAS.O rose 2.2% after the toymaker beat
analysts' estimates for quarterly revenue on higher demand for
its board games and "Magic: The Gathering" collectible cards.