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Futures up: Dow 0.32%, S&P 0.53%, Nasdaq 0.60%

April 15 (Reuters) - U.S. stock index futures rose on

Monday, after Wall Street witnessed a bruising sell-off on the

back of disappointing earnings from some big U.S. banks last

week and escalating tensions in the Middle East made investors

wary.

All three major indexes fell more than 1% in the previous

session, registering weekly losses after major U.S. bank results

failed to impress.

President Joe Biden warned Israeli Prime Minister Benjamin

Netanyahu the U.S. would not participate in a counter-offensive

against Iran - an option Netanyahu's war cabinet favors after a

mass drone and missile attack on Israeli territory - according

to officials familiar with the development.

Iran launched the attack after a suspected Israeli strike on

its embassy compound in Syria on April 1 that killed top

Revolutionary Guards commanders. However, Iran's attack,

launched using more than 300 missiles and drones, caused only

modest damage in Israel.

With the first-quarter earnings season now in full swing,

investors will look for numbers from brokerage Charles Schwab ( SCHW )

and lender Goldman Sachs ( GS ) before the opening

bell.

Also on the docket are comments from Dallas Fed President

Lorie Logan and her San Francisco counterpart Mary Daly later in

the day. Federal Reserve Chair Jerome Powell is scheduled to

speak on Tuesday.

On the data front, a retail sales reading for March, due at

8:30 a.m. ET, could be key in gauging how the U.S. consumer is

faring in the current high-interest-rate environment.

U.S. equities have sold off recently as investors sharply

readjusted their expectations of how much the Federal Reserve

would cut rates this year. Traders have priced in only 42 basis

points of cuts this year, according to LSEG data, down from

about 150 bps at the start of the year.

Money market participants now see an over-50% chance of the

central bank kicking off its easing cycle in July, according to

the CME FedWatch Tool.

At 5:02 a.m. ET, Dow e-minis were up 124 points, or

0.32%, S&P 500 e-minis were up 27.25 points, or 0.53%,

and Nasdaq 100 e-minis were up 108.25 points, or 0.60%.

Most megacap growth stocks edged higher in premarket

trading. However, Apple ( AAPL ) fell 0.7% after data from

research firm IDC showed the company's smartphone shipments

dropped about 10% in the first quarter of 2024.

Salesforce ( CRM ) dipped 3.5% after a person familiar with

the matter told Reuters the customer relations software maker

was in advanced talks to acquire Informatica ( INFA ).