Stock index futures pointed to modest gains for Wall Street on Monday, with futures for the S&P 500, Dow Jones Industrials and Nasdaq indexes all up by around 0.1 percent by 0933 GMT (4:33 a.m. EDT).
Trading was expected to be subdued, however, ahead of year-end holidays and following strong gains earlier this month.
The S&P 500 <.SPX> held on to a two-year high on Friday, having rallied over 5 percent so far in December.
Some nerves were rattled by possible escalating tensions in the Korean peninsula after South Korea held live firing drills in a disputed area despite threats of war from Pyongyang.
Investors are expected to focus on fourth-quarter financial results from Adobe
In company news, Chevron
Food and beverage company Sara Lee Corp
Web commerce company eBay Inc
On the macroeconomic front, the Obama administration will be better positioned to fight the extension of tax cuts for the wealthiest Americans when they are set to expire in two years, U.S. Vice President Joe Biden said on Sunday.
In European equity markets, the FTSEurofirst 300 <.FTEU3> rose 0.4 percent in early trade, with energy shares supported by firmer crude prices as the cold weather in Europe and parts of the U.S. boosted demand expectations for heating fuel. <.EU>
The European Central Bank (ECB) expressed serious concerns that Ireland's bailout package could affect the institution's liquidity operations in the euro zone, while the central bank's president Jean-Claude Trichet said Dublin needed to stick rigorously to the rescue plan.
(Reporting by Harpreet Bhal; Editing by Greg Mahlich)