Stocks set for lower open
Jitters remain as first quarter comes to a close; overseas markets fall sharply.
LONDON (CNNMoney.com) -- U.S. stocks looked set for a weak start on the last day of the quarter, as investors eyed a plan aimed at overhauling regulation on Wall Street.
At 4:26 a.m. ET, Nasdaq and S&P futures were lower, suggesting a negative open for stocks.
Economic fears and the credit crunch have taken a toll on stocks, which have had a wretched first quarter. Stocks ended Friday's session lower for the third straight session.
Investors will be watching Treasury Secretary Hank Paulson, who is expected to unveil a sweeping plan to overhaul financial regulation. The announcement is expected at 10 a.m. ET.
In major corporate news, Wall Street brokerage Lehman Brothers (LEH, Fortune 500) filed suit against Japanese firm Marubeni, demanding $350 million in a case of alleged fraud.
In global trade, shares in Japan finished lower. European markets tumbled in early trading. 
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