U.S. stock index futures indicated a flat to slightly higher open on Monday, as investors attempted to find confidence following Friday's better-than-expected jobs report, which indicated an interest rate hike could come sooner rather than later.
Investors now see a June rate rise as more likely after February's nonfarm jobs report showed a gain of 295,000, above expectations of 240,000 in February, down from 257,000 in January.
The unemployment rate fell to 5.5 percent, while hourly wages ticked up 0.1 percent, below consensus and off the surprise 0.5 percent gain in January.
Apple will also be in focus Monday as it holds its first major event of the year, where it is set to formally unveil the price and final features of its watch at a meeting in San Francisco which kicks off at 1 p.m. ET.
General Motors will buy back $5 billion in stock, and commit to returning any cash above $20 billion in the future to shareholders. Activist investor Harry Wilson has agreed to drop his bid to join the GM board following that announcement.
Alcoa is buying metals producer RTI International Metals in a $1.5 billion stock transaction.
Goldman Sachs issued a "buy" on Exxon Mobil as it said the firm is the only one of the oil majors that will generate positive free cash flow in 2016, and will have the cash the make acquisitions going forward.
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The coming week looks set to be quieter for key economic releases than of late, with no major releases due Monday.
The JOLTS report is due Tuesday along with wholesale trade data followed by the monthly Federal budget statement on Wednesday. Arguably the most noteworthy release will be February retail sales figures on Thursday.
Earnings due after the bell Monday include Urban Outfitters, Casey's General, United Natural Foods.
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In Europe, equities were lower on Monday amid speculation that Friday's better-than-expected U.S. jobs report will lead the Fed to hike rates soon.
The European Central Bank is launching its 1 trillion euro ($1.1 trillion) bond-buying program on Monday and euro zone finance ministers will also meet to discuss Greece's reform plans.
U.S. stocks closed down more than 1 percent on Friday as investors weighed the jobs report.
As of Friday's close:
- The Dow Jones industrial average was within half a standard deviation above its 50-day moving average. Since 1981 the index has been in this position 4.65 percent of all trading days, according to quantitative analytics tool Kensho. The probability of the index moving higher in the days following is 53.7 percent and the probability of it moving lower is 46.3 percent.
- The S&P 500 was within half a standard deviation above its 50-day moving average. Since 1980 the index has been in this position 5.21 percent of all trading days, according to Kensho. The probability of the index moving higher in the days following is 51.5 percent and the probability of it moving lower is 48.5 percent.
- The Nasdaq Composite was within half a standard deviation below its 50-day moving average. Since 1980 the index has been in this position 4.58 percent of all trading days, according to Kensho. The probability of the index moving higher in the days following is 59.1 percent and the probability of it moving lower is 40.9 percent.
—CNBC's Peter Schacknow contributed to this report.
Disclosure: CNBC's parent NBCUniversal is a minority investor in Kensho.