Investing.com - Wall Street futures held steady on Monday, as investors remained cautious ahead of policy meetings by the Federal Reserve and the Bank of Japan this week.
The blue-chip Dow futures was up 0.03%, the S&P 500 futures inched 0.01% higher, while the tech-heavy Nasdaq 100 futures dipped 0.02%.
Upbeat U.S. data released that week continued to support expectations for a rate hike by the U.S. central bank in the near future.
While most investors expect the Fed to leave its monetary policy unchanged this week, it could give hints on the timing of future rate hikes.
Market participants were also looking ahead to Friday’s policy statement by the BoJ, amid growing expectations for the announcement of additional stimulus measures.
General Electric (NYSE:GE) was expected to remain in focus after reporting on Friday a 2% decline in second-quarter orders, citing a "volatile and slow growth economy." Shares were down 0.19% in pre-market trade.
Financial stocks were also likely to move on Monday as Morgan Stanley (NYSE:MS) last week joined a number of other U.S. lenders in exceeding second-quarter profit estimates.
Elsewhere, American Airlines Group (NASDAQ:AAL) was set to be in the spotlight after reporting a 44% drop to $950 million in second-quarter net income.
The company also said it will be deferring the delivery of the 22 Airbus A350 aircraft it has on order. The carrier was supposed to receive its first A350 in the spring of 2017 but with the new agreement it will receive two A350s in late 2018 and then five A350s each year after that until 2022.
No major U.S. data was expected throughout the day.