India, April 28 -- The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong upward move seen last week.

Traders may be reluctant to make significant moves as the look ahead to the release of key earnings and economic news in the coming days.

Four of the "Magnificent Seven" companies - Amazon (AMZN), Apple (AAPL), Meta Platforms (META) and Microsoft (MSFT) - are among the companies due to report their quarterly results this week.

Big-name companies like Coca-Cola (KO), Visa (V), Eli Lilly (LLY), Chevron (CVX) and Exxon Mobil (XOM) are also due to report their quarterly results.

The Labor Department's monthly jobs report is also likely to be i...