07:56 AM EDT, 04/22/2024 (MT Newswires) -- US equity futures were higher Monday as traders looked ahead to a deluge of quarterly earnings reports.

Dow Jones Industrial Average futures and S&P 500 futures both increased 0.5%, while Nasdaq futures were up 0.6%.

Technology heavyweights Alphabet (GOOG, GOOGL), Meta Platforms ( META ) , Microsoft ( MSFT ) , and Tesla (TSLA) are all scheduled to report in the week ahead.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.5% and US West Texas Intermediate down 0.5% as fears of escalating tensions in the Middle East subsided after both Israel and Iran downplayed recent hostilities.

The Chicago Fed National Activity index is expected to come at 0.09 for March versus 0.05 previously, according to estimates compiled by Bloomberg.