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* On
Friday, strong earnings from Google pushed the tech-heavy
Nasdaq to a record close, which gained 4.3 percent for the week,
its largest weekly gain since October.
* Tech earnings will continue to be in focus this week with IBM
reporting after the close on Monday and other big tech giants
such as Apple, Yahoo and Microsoft expected to report later this
week.
* U.S. companies have been expected to post their worst sales
decline in nearly six years in the second quarter, in part due
to the strong dollar that reduces the value of U.S. companies'
overseas income. Profit is expected to have fallen 2.9 percent,
according to Thomson Reuters estimates.
* The dollar index was up 0.1 percent at $97.97. It had
earlier hit a three-month high due to expectations of a Federal
Reserve rate hike this year.
* Investor sentiment was also buoyed by progress in the Greek
debt crisis. Greek banks reopened their branches across the
country after a three-week shutdown.
* Morgan Stanley shares were up 3.9 percent to $41.75 in
premarket trading after the U.S. bank's consolidates net revenue
rose 13 percent.
* PayPal Holdings was up 4.2 percent to $40 on a "when-issued"
basis premarket ahead of its trading debut after it split from
e-commerce company eBay.
Futures snapshot at 7:14 a.m. ET (1114 GMT):
* S&P 500 e-minis were up 2 points, or 0.09 percent, with 45,776
contracts traded.
* Nasdaq 100 e-minis were up 7.75 points, or 0.17 percent, on
volume of 8,884 contracts.
* Dow e-minis were up 21 points, or 0.12 percent, with 7,234
contracts changing hands.
(Reporting by Tanya Agrawal; Editing by Don Sebastian)
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