U.S. stock index futures slipped on Monday, indicating equities may pull back from nearly 4-year highs as investors waited to hear what Apple will do with its massive $98 billion cash stockpile.
* Apple Inc
* The S&P 500 closed out its best week in three months on Friday, having risen in seven of the past eight sessions for a 4.5 percent climb.
* S&P 500 futures fell 1.7 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 16 points, and Nasdaq 100 futures were up 3.25 points.
* United Parcel Service Inc
* Economic data expected on Monday includes the Midwest Manufacturing Index for January from the Federal Reserve Bank of Chicago at 8:30 a.m. EDT (1230 GMT) and the National Association of Home Builders/Wells Fargo March housing market index at 10 a.m. EDT (1400 GMT).
* After the closing bell, Adobe Systems Inc
* Dun & Bradstreet Corp
* European stocks lost ground early Monday, slipping from 8-month highs last week as investors waited for more evidence of improvement in U.S. and European economies before chasing the market's brisk 2-month rally. Asian shares edged higher. <.EU> [MKTS/GLOB}
(Reporting By Chuck Mikolajczak; editing by Jeffrey Benkoe)