Stock futures edged higher on Monday ahead of a busy week on the earnings calendar.
S&P 500 futures were up 0.27%, Dow Jones Industrial Average futures climbed 0.18%, and Nasdaq futures added 0.23%.
The Dow was on track to open at record highs on Monday after securing a new all-time close on Friday. Stocks enjoyed a stretch of record-breaking days in the past week after a better-than-expected U.S. jobs report for June brought relief over the state of the U.S. economy. A dismal May reading had triggered fears over growth.
Investors appeared to shrug off an attempted coup in Turkey over the weekend that resulted in 300 deaths. Since then, nearly 8,000 police officers have been suspended on suspicion of having links to the attempt. President Recep Tayyip Erdogan has promised to rid the country of the "virus" that fueled the attempt.
Bank of America(BAC) - Get Report inched higher on Monday after exceeding analysts' low-ball estimates in its recent quarter. As expected, a low interest-rate environment continued to eat into profitw. The North Carolina bank earned 36 cents a share over the quarter, less than 45 cents in the year-ago period but above estimates of 33 cents. Trading revenue bounced back, climbing 12% to $3.7 billion.
Hasbro(HAS) - Get Report beat earnings estimates in its recent quarter on strength in demand for its Star Wars and Frozen toys. Its girls toys segment generated a 35% increase in sales, driven by its Disney Princess and Frozen doll lines. Hasbro's Disney license, which it secured in 2014, has proven a boon to its top- and bottom-lines. Overall revenue rose 10%, or 12% excluding currency exchange.
Yahoo! will be closely watched for an update on its plan to break itself apart for sale. The company has explored strategic alternatives, including the sale of its core Internet business, since the beginning of the year with potential suitors including AT&T and Verizon .
ARM Holdings (ARMH) surged in premarket trading after agreeing to a buyout from SoftBank (SFTBF) . Japan's SoftBank offered a deal worth more than 24.3 billion pounds ($32.1 billion), roughly a 43% premium to ARM's Friday close. The acquisition is the biggest in the U.K. since AB InBev and SABMiller's deal last November.