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Futures up: Dow 0.01%, S&P 0.09%, Nasdaq 0.14%

May 20 (Reuters) -

U.S. stock index futures edged higher on Monday, with

Nvidia's ( NVDA ) quarterly results and the Federal Reserve's policy

meeting minutes due this week likely to test Wall Street's

record-breaking run.

All the three major indexes marked their fourth straight

week of gains on Friday as upbeat corporate earnings and

softer-than-expected inflation data supported hopes for interest

rate cuts this year.

Both the benchmark S&P 500 and the tech-heavy Nasdaq

touched an all-time high last week, while the blue-chip

Dow closed above the 40,000 level on Friday.

Investors are keenly awaiting quarterly results from

artificial intelligence (AI) chip leader Nvidia ( NVDA ) and

minutes of the Fed's latest monetary policy meeting, both

scheduled for Wednesday.

"The minutes will sound more hawkish on the margin than

Chair Powell's press conference, as other members on the

committee were more concerned than Powell about whether policy

was doing enough," analysts at Bank of America said in a note.

With few clues so far from Fed officials on the timing for

rate cuts, investors will parse remarks from rate-setters

including Raphael Bostic, Michael Barr, Christopher Waller and

Philip Jefferson during the day.

Traders expect a near 82% chance that the Fed will cut rates

by at least 25 basis points in September, according to the CME's

FedWatch Tool.

On the economic data front, weekly initial jobless claims,

S&P global flash PMI readings and durable goods data are due

through the week.

Global market participants were also closely watching out

for developments around the death of Iranian President Ebrahim

Raisi, a hardliner seen as a potential successor to Supreme

Leader Ayatollah Ali Khamenei, in a helicopter crash.

At 5:29 a.m. ET, Dow e-minis were up 6 points, or

0.01%, S&P 500 e-minis were up 4.75 points, or 0.09%,

and Nasdaq 100 e-minis were up 26 points, or 0.14%.

Paramount Global ( PARAA ) climbed 3% premarket after a

report Sony Pictures Entertainment and Apollo Global Management ( APO )

have signed non-disclosure agreements that will allow

them to look at the U.S. media company's books ahead of a

potential bid for its assets.

Johnson Controls International ( JCI ) jumped 4.6% following

a report that activist investor Elliott Investment Management

had built a position worth over $1 billion in the building

solutions provider.

(Reporting by Ankika Biswas in Bengaluru; Editing by Devika

Syamnath)