Australian shares are on track to open flat - or slightly lower - when the ASX opens for business this morning.
Wall Street finished mostly higher overnight, with technology stocks like Amazon and Tesla giving a boost to the tech-heavy Nasdaq index.
While the S&P 500 made only small gains, the Dow Jones index fell slightly due to a sell-off in financial, healthcare and telecommunications shares.
What was behind Wall Street's mixed performance?
This week, a number of companies will release their second-quarter earnings results - including big banks JPMorgan Chase, Wells Faro and Citigroup.
Investors are optimistic as S&P 500 second-quarter earnings are forecast to increase by 7.9 per cent compared to last year.
Amazon was the star-performing tech stock - its share price rose 1.8 per cent overnight ahead of its online sale event "Prime Day".
Tesla shares gained 0.9 per cent, rebounding from its heavy sell-off last week after the company delivered only 22,000 cars in the second quarter (which is about 2,000 fewer cars than what the market expected).
The recovery of oil prices helped to lift energy stocks (in both US and European stock markets) - with Brent crude up 0.56 per cent overnight.
The healthcare sector was one of the worst performers - down 0.3 per cent as investors wait for clarity on the proposed healthcare legislation overhaul.
The Senate was meant to have repealed and replaced the Affordable Healthcare Act (Obamacare) by now.
"I cannot imagine that Congress would dare to leave Washington without a beautiful new HealthCare bill fully approved and ready to go!" US President Donald Trump wrote in a Tweet on Monday.
However, Republican Senator John McCain said during a televised interview, "My view is that (the replacement healthcare bill) it's probably going to be dead."
Today in the Australian economy
National Australia Bank will release the results of its monthly business survey today, which will give some insight about the state of local business conditions in June.
NAB reported that business confidence fell 6 points to +7 in May, but business conditions remained high at +12 index points.
In addition, the Bureau of Statistics will release its May home loans figures, an indicator of Australian housing demand.
The number of loans is expected to rise by 1.5 per cent, according to economists polled by Reuters.
