Investing.com - U.S. stock futures pointed to a higher open on Monday, after U.S. employment data on Friday suggested the economy is improving but not enough to persuade the Federal Reserve to start scaling back its stimulus program.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.30% rise, S&P 500 futures signaled a 0.39% increase, while the Nasdaq 100 futures indicated a 0.36% gain.
Official data on Friday showed that the U.S. economy added 175,000 jobs last month, slightly more than the 170,000 gain forecast by economists. The unemployment rate ticked up to 7.6% from 7.5% in April.
The data indicated that the economic recovery in the U.S is on track but is not strong enough for the Federal Reserve to begin unwinding its USD85 billion-a-month asset purchase program.
Tech stocks were expected to be active, amid reports Apple is preparing to unveil changes to the software powering iPhones and iPads, in a move to reignite desire for its products and blunt the advance of Google's Android mobile operating system.
Apple shares were up 0.61% in pre-market trade.
Video recorder pioneer TiVo was also likely to be in focus after plummeting over 19% on Friday, as the company said it would receive USD490 million after settling a patent lawsuit with Google's Motorola Mobility, Cisco Systems and Time Warner Cable just days before the case was to go to trial.
Also in company news, Marubeni, the Japanese trader seeking to buy Gavilon Holdings LLC, will reportedly pay USD1 billion less for the U.S. grain supplier after excluding its energy business.
Wal-Mart Stores was also slated to remain in the spotlight after world's largest retailer said on Friday that its board had approved a new USD5 billion stock-repurchase program, the first in two years.
Across the Atlantic, European stock markets were mixed to higher. The EURO STOXX 50 added 0.14%, France’s CAC 40 dipped 0.01%, Germany's DAX gained 0.88%, while Britain's FTSE 100 inched 0.04% higher.
During the Asian trading session, Hong Kong's Hang Seng Index edged up 0.18%, while Japan’s Nikkei 225 Index soared 4.94%.
Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.30% rise, S&P 500 futures signaled a 0.39% increase, while the Nasdaq 100 futures indicated a 0.36% gain.
Official data on Friday showed that the U.S. economy added 175,000 jobs last month, slightly more than the 170,000 gain forecast by economists. The unemployment rate ticked up to 7.6% from 7.5% in April.
The data indicated that the economic recovery in the U.S is on track but is not strong enough for the Federal Reserve to begin unwinding its USD85 billion-a-month asset purchase program.
Tech stocks were expected to be active, amid reports Apple is preparing to unveil changes to the software powering iPhones and iPads, in a move to reignite desire for its products and blunt the advance of Google's Android mobile operating system.
Apple shares were up 0.61% in pre-market trade.
Video recorder pioneer TiVo was also likely to be in focus after plummeting over 19% on Friday, as the company said it would receive USD490 million after settling a patent lawsuit with Google's Motorola Mobility, Cisco Systems and Time Warner Cable just days before the case was to go to trial.
Also in company news, Marubeni, the Japanese trader seeking to buy Gavilon Holdings LLC, will reportedly pay USD1 billion less for the U.S. grain supplier after excluding its energy business.
Wal-Mart Stores was also slated to remain in the spotlight after world's largest retailer said on Friday that its board had approved a new USD5 billion stock-repurchase program, the first in two years.
Across the Atlantic, European stock markets were mixed to higher. The EURO STOXX 50 added 0.14%, France’s CAC 40 dipped 0.01%, Germany's DAX gained 0.88%, while Britain's FTSE 100 inched 0.04% higher.
During the Asian trading session, Hong Kong's Hang Seng Index edged up 0.18%, while Japan’s Nikkei 225 Index soared 4.94%.