U.S. stock index futures pointed to a lower open on Wall Street on Monday, as investors fretted about the outlook for company profit despite global conglomerate Philips's
At 0849 GMT, futures for the S&P 500 were down 0.42 percent, Dow Jones futures were down 0.37 percent and Nasdaq 100 futures were down 0.32 percent.
Investors were bracing for a flurry of quarterly results this week from U.S. bellwethers such as Goldman
Oil prices fell more than $1 to below $59 a barrel on Monday, slipping to a seven-week low on concerns about the state of the global economy as equities markets tumbled.
CIT Group Inc
Japan's Nikkei average <.N225> slid 2.6 percent to its lowest close in eight weeks on Monday, hurt by growing political uncertainty after news that embattled Prime Minister Taro Aso is set to call a general election for August 30. <.T>
European stocks were down 0.8 percent in early trade on Monday, hitting an 11-week low, as mounting concerns about company earnings prompted investors to scale back their trading positions. <.EU>
The Dow industrials and the S&P 500 fell on Friday, dropping for the fourth straight week, after Chevron Corp
The Dow Jones industrial average <.DJI> dropped 36.65 points, or 0.45 percent, to 8,146.52. The Standard & Poor's 500 Index <.SPX> fell 3.55 points, or 0.40 percent, to 879.13. But the Nasdaq Composite Index <.IXIC> gained 3.48 points, or 0.20 percent, to 1,756.03. For the week, the Dow slipped 1.6 percent, the S&P 500 fell 1.9 percent and the Nasdaq lost 2.3 percent.
(Reporting by Blaise Robinson; Editing by Mike Nesbit)