3. Economic data and earnings: The U.S. government will release data on April construction spending at 10 a.m. ET. The ISM index, which measures the manufacturing industry each month, will be published at the same time.
Hertz Global(HTZ), Krispy Kreme(KKD) and Quicksilver(ZQK) will report earnings after the closing bell.
The main stock market index in Spain was rising by roughly 0.6%, with investors unfazed by news that King Juan Carlos is abdicating. Markets were more interested in weekend news of an economic stimulus package, including a cut in the corporate tax rate to 25% from 30%.