Futures for the Dow Jones Industrials settled 41 points, or 0.1%, to 34,317.
Futures for the S&P 500 sank 11.5 points, or 0.3%, to 4,476.
Futures for the NASDAQ Composite Index handed over 51 points, or 0.4%, to 13,842.75.
Bank of America reported quarterly results Monday that showed a 13% year-over-year drop in earnings per share. But the results were slightly higher than expected. The stock gained more than 1% in the premarket.
Several Dow blue-chip names report earnings this week, including IBM, Procter and Gamble, Travelers, Dow Inc, Johnson and Johnson, American Express and Verizon.
Technology bellwethers are also set to report quarterly earnings, with Netflix due on Tuesday and Tesla out on Wednesday. Snap reports Thursday. United Airlines, American Airlines and Alaska Air are also on the calendar, as are railroads CSX and Union Pacific.
Investors will be paying close attention to forward guidance, especially for comments on how companies are handling surging costs. March’s consumer price index reading released last week showed an 8.5% increase from a year ago, the fastest annual gain since December 1981.
Earnings season is off to a decent start with 77% of S&P 500 companies reporting earnings per share above expectations according to FactSet. Seven percent of the benchmark has reported results so far. Analysts believe first-quarter earnings will jump 5% for the quarter when all S&P 500 companies finish reporting, according to FactSet’s analysis of actual results and future estimates.
Elsewhere, Twitter shares were up 3.7% in the premarket at about $46.09 per share. The move comes after Twitter announced Friday that the board adopted a limited duration shareholder rights plan, often referred to as a “poison pill.” The move comes after billionaire Elon Musk offered to buy the company for $43 billion.
In Asia, the Nikkei 225 in Japan faded 1.1% Monday, while markets in Hong Kong were shuttered for holiday.
Oil prices eked up four cents to $106.99 U.S. a barrel.
Gold prices jumped $21.00 to $1,983.20 U.S.