It's still eliciting signs of underlying strength in the economy that should allow earnings growth to continue to foster an environment where stock prices can advance," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

Wall Street is pointing toward gains early to kick off a quiet week for economic data but another full slate of corporate earnings.

The tech giant's recent earnings were better than many had feared, and the company continues to make progress in growing its high-margin services revenue.

Wall Street was poised for a higher open on Monday as traders priced in a greater chance of the Federal Reserve cutting interest rates this year following a soft payrolls data last week. The benchmark S&P 500 and the blue-chip Dow closed at three-week highs on Friday after data showed U.

On Thursday, MercadoLibre reported first-quarter earnings of $6.78 per share, up from a profit of $3.97 per share a year ago, surpassing the FactSet consensus of $6.10 per share. Revenue totaled $4.3 billion, compared with $3.04 billion a year ago, beating FactSet’s call for $3.84 billion in sales.

Investors will look for further clues about interest rate cuts this year from a slew of Fed officials scheduled to speak this week.

U.S. stock index futures edged higher on Monday, pointing to more gains on Wall Street, as traders priced in a higher chance of the Federal Reserve cutting interest rates this year.

Stock futures rose on Monday after a softer-than expected April jobs report on Friday prompted hopes that inflation might ease and the Federal Reserve might cut interest rates. At last check futures on the Dow Jones Industrial Average indicated an open 136 points higher to 38,

Investing.com-- Most Asian stocks rose on Monday, tracking strength in Wall Street as weak payrolls data sparked a resurgence in rate cut expectations, while Chinese markets returned from a long weekend with standout gains.