Investing.com - Wall Street futures pointed to a higher open on Monday, as markets continued to recover from last week’s policy decisions from the Bank of Japan and the Federal Reserve and as investors eyed the release of upcoming U.S. manufacturing activity data.
The blue-chip Dow futures were up 0.12%, the S&P 500 futures added 0.12%, while the tech-heavy Nasdaq 100 futures dipped inched 0.08% higher.
Markets were jittery after the BoJ chose on last Thursday to hold its monetary policy, defying market expectations for additional monetary easing.
The decision came a day after the Fed kept interest rates on hold last week and indicated that any future interest rate hikes would be data dependent.
Amazon (NASDAQ:AMZN) was expected to remain in focus, as shares edged up 0.15% in pre-market trade after soaring over 9% on Friday when the company annouced far better first-quarter results than expected.
Pharmaceuticals were also likely to be in the spotlight after Gilead Sciences (NASDAQ:GILD) reported earnings that missed expectations on Friday, sending the stock down over 9% on the day. The company’s shares regained some strength in pre-market trading however, advancing 0.90%.
Market participants were expected to keep an eye on the energy sector, as oil prices remained supported above $45 a barrel on Monday and following earnings reports from major U.S. oil and gas companies.
On Friday, Chevron Corporation (NYSE:CVX) posted a bigger-than-expected loss of 39 cents a share but said revenue exceeded analyst’s projections at $23.55 billion. The same day, Exxon Mobil (NYSE:XOM) said quarterly earnings and revenue were above analysts' expectations.
Companies scheduled to release quarterly earnings on Monday included American International Group Inc (NYSE:AIG), Anadarko Petroleum (NYSE:APC), Sturm Ruger & Company Inc (NYSE:RGR), Sysco (NYSE:SYY) and Lowe’s Companies Inc (NYSE:LOW).
Later in the day, the Institute for Supply Management was to release a report on manufacturing activity.