U.S. stock index futures pointed to slightly higher open Monday after the long Easter weekend as investors considered recent hawkish remarks from officials at the U.S. Federal Reserve which could herald a U.S. interest rate increase as soon as next month.
Consumer spending edged up 0.1 percent in February, while personal income rose 0.2 percent.
Excluding food and energy, prices gained 0.1 percent after advancing 0.3 percent in January. In the 12 months through February, the so-called core PCE price index increased 1.7 percent after a similar increase in January, Reuters said.
Dow futures were off earlier highs to trade about 30 points higher. The U.S. dollar index gave up gains, with the euro near $1.1177 as of 8:38 a.m. ET.
Treasury yields held little changed, with the 2-year yield near 0.87 percent and the 10-year yield around 1.90 percent.
U.S. crude oil futures were up more than 1 percent just below $40 a barrel.
Tuesday sees Fed Chair Janet Yellen speaking on economic and monetary policy and investors will be parsing her speech for more clues on how many rate hikes the Open Markets Committee are looking at and when.