Major U.S. stock indexes are poised to open higher on Monday as the market attempts to recover from last-week's steep downturn.

Wall Street's main indexes opened higher on Monday, rebounding from a sharp selloff in the previous week, while Apple edged up in choppy trading after the iPhone maker announced a $500 billion investment plan.

U.S. stock futures rose early Monday as the market looked to recover after the S&P 500 had its worst day of the year Friday. S&P 500 futures rose 0.3%, Dow Jones Industrial Average futures climbed 0.4% and futures on the Nasdaq 100 were 0.