Ahead of the open, the Dow Jones Industrial Average futures pointed to a 0.13% fall, S&P 500 futures signaled a 0.22% decline, while the Nasdaq 100 futures indicated a 0.01% loss
Stocks found support last week, after ECB President Mario Draghi pledged to do whatever was necessary to protect the euro zone from collapse, fueling hopes that the ECB would act to lower borrowing costs for highly indebted countries such as Spain and Italy.
But investors remained cautious as German Economy Minister Philipp Roesler warned the ECB earlier about any large-scale government bond purchases.
Investors were also looking ahead to the outcome of the Federal Reserve’s policy setting meeting on Wednesday, amid speculation over whether the bank will hint at further easing measures.
Tech stocks were expected to be active, as a jury selection was due to begin on a high stakes patent battle between Apple and Samsung Electronics, after more than a year of pretrial struggling. Apple shares were just down 0.03% in pre-market trade.
Separately, Reuters refuted rumors that Apple and Twitter are currently in discussions on the mobile technology giant taking a stake in the popular social networking site.
Also in company news, Boeing said on Sunday that The National Transportation Safety Board is investigating an issue with an engine on a 787 Dreamliner, sending shares down 0.08% in early trading.
The investigation was announced following an incident at Charleston International Airport during a preflight test on Saturday.
Elsewhere, General Motors was likely to be in focus after announcing the resignation of its global marketing chief Joel Ewanick, a little more than two years after he joined the company to lead an overhaul of the company’s marketing strategy.
Ewanick chose to leave because he didn’t “meet the company’s expectations of an employee,” Bloomberg reported, citing an e-mailed statement by GM.
In the energy sector, Chevron was slated to move on Monday, a day after the oil and gas major announced plans to invest USD2 billion to develop its Lianzi oilfield along the maritime border between Republic of Congo and Angola.
Other stocks in focus included Anadarko Petroleum, Franklin Resources and Eastman Chemical Company, all due to report results later in the day.
Across the Atlantic, European stock markets were higher. The EURO STOXX 50 jumped 1.03%, France’s CAC 40 climbed 0.63%, Germany's DAX advanced 0.75%, while Britain's FTSE 100 rose 0.52%.
During the Asian trading session, Hong Kong's Hang Seng Index rallied 1.61%, while Japan’s Nikkei 225 Index advanced 0.8%.
Later in the day, U.S. Treasury Secretary Timothy Geithner was to meet with German Finance Minister Wolfgang Schaeuble and Mario Draghi to discuss the global economy.
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