Looking to data, the Empire State Manufacturing survey jumped to 30.2 in October from 24.4 in September.
Looking to the U.S. Federal Reserve, investors are likely to be digesting the latest comments from the central bank's chair, Janet Yellen, who delivered remarks Sunday.
In spite of subdued inflation, Yellen said in Washington that the U.S. economy remains robust and the strength of the labor markets makes the case for gradual increases in interest rates, Reuters reported.
Switching focus to Monday, Minneapolis Fed President Neel Kashkari is expected to deliver remarks at the G100 Dinner and Discussion event in Minneapolis, Minnesota.
In commodities, crude futures rose in early trade, as concerns surrounding potential new sanctions on Iran by the U.S., as well as conflict taking place in Iraq, boosted prices.
At 8:36 a.m. ET, U.S. crude traded just around $52.22 per barrel, while Brent hovered around $58.25.