Stock futures were little changed on Monday as caution over the latest earnings season weighed and CIT Group Inc
CIT, the commercial U.S. lender struggling to finance its business, said late on Sunday that it remains in active discussions with regulators on measures to improve its near-term liquidity position.
Shares of Goldman Sachs Group Inc jumped more than 2 percent before the bell to $145.01 after theflyonthewall.com reported that influential bank analyst Meredith Whitney upgraded the stock to buy from neutral.
The second-quarter earnings season goes into full swing this week, with Intel Corp
S&P 500 futures rose 0.40 points and were about even with fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 4 points and Nasdaq 100 futures climbed 0.25 points.
In Friday's trading, the benchmark S&P 500 <.SPX> dropped for the fourth straight week, after Chevron Corp
European stocks traded near break-even after hitting an 11-week low as mounting concerns about company earnings prompted investors to scale back their trading positions. <.EU>
In Asia overnight Japan's Nikkei average <.N225> slid 2.6 percent to its lowest close in eight weeks, hurt by growing political uncertainty after news that embattled Prime Minister Taro Aso is set to call a general election for August 30. <.T>
(Reporting by Ellis Mnyandu; Editing by Padraic Cassidy)