U.S. stock index futures pointed to a higher open Monday, amid gains in oil prices, as traders awaited Fed Chair Janet Yellen's speech scheduled for midday.
Investors will scrutinize her comments for insight on the timing of the next rate hike. Earlier, Boston Fed President Eric Rosengren said the U.S. economy's recent recovery has moved the Fed closer to raising rates, although May's "disappointing" employment report might delay the timing of the next hike.
U.S. stocks closed lower Friday, with financials lagging, after the latest jobs report showed creation of just 38,000 jobs. That was well below the expected 162,000 and cast doubt on the economic recovery.
Dow futures were up more than 50 points Monday morning, while S&P 500 futures were up 5 points.
U.S. crude oil futures were trading more than 2 percent higher, near $49.75 a barrel, while brent was above $50 a barrel as of 8:33 a.m. ET.