The two were to discuss the state of the American and global economy, Wall Street reform, and the long-term economic outlook, economic and regulatory issues.
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S&P 500 futures were up 0.42%, Dow Jones Industrial Average futures climbed 0.39%, and Nasdaq futures added 0.46%.
The S&P 500 index shed 5.61 points, or 0.3%, to end at 2,041.99.
Heading into the new week, the Dow was up almost 1% for the year and the S&P 500 was 0.2% higher.
The Dow Jones Industrial Average rose 155 points, or 0.9%, to $17,731.63 at 10.08 a.m.in NY.
Alcoa unofficially kicks off the reporting season after the market close.
Meanwhile, Deutsche Bank strategist Jim Reid said: “It’s hard to argue against overall street expectations for this quarter being particularly low and the interesting reports this week will more than likely come out from the banks which are expected to be a front runner for negative earnings growth this period”.
The yield on the benchmark 10-year Treasury note gained less than a basis point to 1.723%. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong rose 1.2 percent.
“The good news is that we already know that the beginning of the year was pretty tough for most companies, so the bar has been set pretty low for this earnings season”, said Allan von Mehren, chief analyst at Danske Bank A/S in Copenhagen.
BONDS, CURRENCIES: U.S. government bond prices fell.
Seagate rose 6.3 percent to $35.34 and Western Digital was up 4 percent at $44.82 after Cowen started coverage on the stocks with “market perform” ratings.
What corporate CEOs say about the future could be the biggest determinant of whether Wall Street is sold on the theory that the first-quarter will mark the low point for earnings, Adams adds.
In other energy commodities, heating oil rose 1 cent to $1.215 a gallon, wholesale gasoline rose 4 cents to $1.508 a gallon and natural gas fell 8 cents to $1.912 per thousand cubic feet. In Europe, the broad Stoxx Europe 600 was up 0.6%, the German DAX was 1% higher and the CAC 40 in Paris was up 0.6%.
Yahoo shares were up 1.2 percent at $36.50 after the parent company of Britain’s Daily Mail said it was in talks with potential partners to mount a bid for the company’s Internet assets.
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National Oilwell Varco dropped 5 percent to $27.65 after the oilfield equipment maker said it would cut its quarterly dividend.
