* Dow Jones futures DJc1 up 0.6 percent at 1010 GMT, S&P 500 futures SPc1 up 0.7 percent, Nasdaq futures NDc1 up 0.1 percent, pointing to a second day of gains for U.S. stocks. * S&P 500 .SPX companies due to report quarterly earnings include technology bellwether Cisco Systems (CSCO.O), food and personal care products maker Sara Lee (SLE.N), fashion group Ralph Lauren (RL.N), food maker Kraft Foods (KFT.N), cigarette maker Philip Morris (PM.N), life insurer Prudential (PRU.N) and media group Time Warner (TWX.N). [ID:nL29133957] * The U.S. economic data calendar has Challenger layoffs for January at 1230 GMT, ADP employment for January at 1315 GMT and non-manufacturing ISM for January at 1500 GMT. [ID:nFXDIARY] * Market talk could also touch on President Barack Obama's campaign to cap executive pay at $500,000 a year for companies -- such as bank Citigroup (C.N) and insurer AIG (AIG.N) -- getting taxpayer bailout funds. [ID:nN0462314] * The economic stimulus package, which Obama wants on his desk for signing into law by Feb. 16, will also remain in focus after Senate Republicans on Tuesday offered their own, cheaper plans focused on tax cuts. [ID:nN03537807] For Tuesday's Wall Street closing report, see [ID:nN03543299] For the Reuters GLOBAL MARKETS report, see [ID:nL4702226] (Reporting by Peter Starck, editing by Will Waterman)

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