09:00 AM EDT, 07/29/2024 (MT Newswires) -- US equity futures rose ahead of Monday's opening bell as traders geared up for another batch of quarterly updates from Corporate America, including those from major technology firms.

The Dow Jones Industrial Average futures gained 0.4%, S&P 500 futures increased 0.5% and Nasdaq futures were up 0.9%.

Amazon ( AMZN ) , Apple ( AAPL ) , Meta Platforms ( META ) , and Microsoft ( MSFT ) are all scheduled to report earnings later in the week.

The US Federal Reserve's policy-setting Federal Open Market Committee is set to kick off its two-day meeting on Tuesday.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.3% at $80.02 per barrel and the US West Texas Intermediate crude 0.3% lower at $76.94 per barrel.

The Dallas Fed's Manufacturing Business Index is due for release at 10:30 am ET.

In other world markets, Japan's Nikkei closed 2.1% higher, Hong Kong's Hang Seng ended 1.3% higher, and China's Shanghai Composite finished 0.03% higher. Meanwhile, the UK's FTSE 100 rose 0.9%, and Germany's DAX index gained 0.2% in Europe's early afternoon session.

In equities, shares of Loews Corp. ( L ) were 6% higher pre-bell after the company posted higher Q2 earnings and revenue. Cepton ( CPTN ) stock was 19% higher after the company said it agreed to be acquired by Koito Manufacturing for $3.17 per share in cash.

On the losing side, vTv Therapeutics ( VTVT ) shares were down more than 45% after the company said Friday that the Food and Drug Administration has placed a clinical hold on its cadisegliatin clinical program for type 1 diabetes.