Wall Street tries to recover after sharp selloff

US stock index futures rose on Monday after the S&P 500 logged its worst week in more than two months, with investors keeping a close eye on inflation as well as monetary and tax policies.

Wall Street indexes had lost between 1.6 per cent to 2.2 per cent last week, with the benchmark index (.SPX) sinking for five straight days as a surge in August producer prices and a sharp drop in jobless claims spurred fears the Federal Reserve could start unwinding stimulus as soon as this year.

Apple Inc (AAPL.O) rose 0.9 per cent in premarket trading after a mixed court ruling in Epic Games' antitrust case against the iPhone maker knocked nearly $90 billion off its market value on Friday.

Sentiment appeared to have improved slightly on Monday, with energy stocks benefiting from stronger oil prices, while major Wall Street banks tracked mild gains in US Treasury yields.

Buying into sectors such as energy, financials and industrials, which are expected to benefit from an economic recovery this year, has put the S&P 500 on a seven-month winning streak this year.