Wall Street to open higher

New York - US stocks were poised for a higher open on Monday after the latest flurry of merger activity and earnings from Citigroup, putting the S&P 500 on track to rebound from its worst weekly decline since April.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

US-listed shares of Shire rose 1.6 percent to $253.08 while Abbvie shed 2.4 percent to $53.62 in premarket trade.

Mylan shares advanced 2.8 percent to $51.60 before the opening bell.

Abbott shares rose 1.9 percent to $41.07 in premarket trade.

S&P 500 profits are seen growing 6.1 percent in the second quarter, according to Thomson Reuters data, down from the 8.4 percent growth forecast at the start of April.

Revenue is seen up 3 percent.

Dow Jones industrial average e-mini futures rose 77 points and Nasdaq 100 e-mini futures added 18.75 points.

URS shares jumped 9.2 percent to $56.80 and AECOM gained 3.8 percent to $32.98 before the opening bell.

The company's experimental skin cancer treatment being developed with Roche helped people with an advanced form of skin cancer live longer without their disease worsening when used in combination with another treatment, the companies said. - Reuters