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

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.

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.

The Fed has been holding its main interest rate steady after sharply cutting it through the end of last year. At their last policy meeting in January, Fed officials suggested they may stay on hold for a while given worries about how Trump’s proposed tariffs and mass deportations of migrants, along with other factors, could push upward on inflation.

On Friday, the S&P 500 sank 1.7% for its worst day in two months after the release of weaker-than-expected U.S. economic data. The Dow Jones Industrial Average lost 1.7%, while the Nasdaq composite tumbled 2.2%.