U.S. stock-index futures rose slightly on Monday, following Asian and European stocks higher after an $32 billion Japan-U.K. semiconductor deal boosted markets.
Japan's Softbank announced on Monday it would pay £17 per share — a 43 percent premium on Friday's closing price — for ARM in an all-cash deal. London-listed shares of ARM rallied more than 46 percent early on Monday. The news may boost U.S. chipmakers when Wall Street opens.
The heavy part of second-quarter earnings season will get underway on Monday.
Bank of America reported quarterly earnings and revenue that beat analysts' expectations on Monday. The commercial banking giant posted second-quarter earnings per share of 36 cents, compared to 45 cents a share in the same period a year ago. Revenue for the quarter came in at $20.6 billion.
Hasbro posted second-quarter earnings per share of 41 cents, up from 33 cents in the same period a year earlier. Analysts polled by Reuters had forecast earnings of 39 cents.
Numbers are also expected from Charles Schwab, IBM, Netflix and Yahoo on Monday.
Earnings growth for the S&P 500 companies is expected to fall by 4.7 percent in the second quarter, based on expectations and actual reports from the several dozen companies that have reported, according to Reuters.
In addition, real estate data will be in focus on Monday, with the NAHB Housing Market Index for July due.
Tensions were high in the U.S. after three police officers were shot dead in the city of Baton Rouge by a gunman on Sunday. President Barack Obama condemned the killings and called for a measured response ahead of party conventions.
The U.S. dollar fell back slightly against the Turkish lira and traded flat against a basket of currencies early on Monday. This followed a failed military coup against Turkish President Recep Tayyip Erdogan late on Friday.
The iShares MSCI Turkey ETF (TUR) fell up to 7 percent in extended-hours trading, before paring some losses to trade 4.8 percent lower early on Monday.
Wall Street ended last week with better-than-expected retail sales data and bank earnings that failed to boost indexes much as a massive rally eased.
The Dow Jones industrial average closed 0.05 percent higher at 18,516.55 on Friday. The benchmark and the Nasdaq Composite both closed 0.09 percent lower.
Wall Street's close on Friday
Major U.S. Indexes
—With contribution from CNBC's Patti Domm and Jon Marino.