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Futures pointed to a slightly negative start for Monday’s open after all three major U.S. indexes closed in correction territory for the first time since March 2016 in the prior trading session.
Futures for the Dow Jones Industrial Average dropped 82 points, or 0.3%, to 24,046
Futures for the S&P 500 dipped 5.75 points, or 0.2%, to 2,599.75,
NASDAQ futures faltered 12.5 points, or 0.2%, to 6,610.
HEICO and Oracle Corporation are among the companies reporting earnings Monday.
Recent economic data have reignited worries of economic slowdown around the globe and kept a lid on stock returns. Stocks fell Friday to some of their lowest closing levels since April — after China reported industrial output and retail sales growth numbers for November that missed expectations.
The latest economic data offered yet another hint that Beijing’s economy may be decelerating amid rising trade risks as President Xi Jinping tries to broker a permanent truce with President Donald Trump.
Investors are also on edge ahead of the December meeting of the Federal Reserve’s policymaking arm. The Federal Open Market Committee is expected to hike its benchmark overnight lending rate for a fourth and final time of 2018 this week.
Overseas, in Japan, the Nikkei 225 gained 0.6% Monday, while in Hong Kong, the Hang Seng index subtracted 6.81 points
Oil prices gained 36 cents to $51.56 U.S. a barrel.
Gold prices added two dollars to $1,243.40 U.S. an ounce.
