US equity investors are expected to watch Q2 earnings, with a particular focus on cybersecurity and tech mega-cap names, the state of the labor market, and a resumption of strikes between Washington and Iran this week.

* Broadcom (AVGO), Snowflake (SNOW), Hewlett Packard Enterprise (HPE), NetApp (NTAP), Five Below (FIVE) and Zscaler (ZS) are expected to report quarterly earnings this week.

* Macroeconomic data due this week include nonfarm payrolls, JOLTS job openings, ADP employment change, Challenger job cuts, jobless claims, ISM manufacturing and services, factory orders, and balance of trade.

* Payrolls are estimated to rise by "just" 30,000 after falling by 23,000 in July, according to a Scotiabank note late Friday. Revisions may be smaller than the 103,000 contraction in May and June because the initial sampling rate for payrolls improved in July. The unemployment rate is forecast to tick up to 4.2%.

* Federal Reserve Chair Warsh's Jackson Hole speech spooked bond markets on Friday, the Scotiabank note said. Part of his mission may have been to maintain downward pressure on yields as the 10-year Treasury has stalled out in the 4.6% to 4.7% range over recent weeks. "Part of his message, however, was that he wants much more evidence on disinflationary pressures and sees nothing wrong with the labour market."

* Iran and the US traded attacks for the first time in over a month overnight into Monday, CNN reported. Iran said it has attacked US bases in Jordan and US military targets at the Al Minhad airbase in the United Arab Emirates after US forces bombed two rocket launchers on Iran's Larak Island, according to a report from Al Jazeera, a Middle Eastern broadcaster.

* The US military struck the two launchers that a US official said were attempting to deploy mines into the Strait of Hormuz, Reuters reported. The United Arab Emirates condemned the Iranian drone attack on Monday as a "dangerous escalation" and a flagrant violation of its sovereignty, the news report said.