Stocks set for lower open
Futures slip, with no major economic data on tap; Microsoft's new approach to Yahoo in focus.
LONDON (CNNMoney.com) -- U.S. stock futures edged lower early Monday as investors eyed a light economic calendar and focused their attention on Microsoft's new approach to Yahoo.
At 5:20 a.m. ET, Nasdaq and S&P futures were pointing to a flat to lower start for Wall Street.
After putting in a solid performance most of last week, stocks ended Friday's session little changed. High oil prices, which hit new records at the end of last week, played a role in dampening sentiment.
Investors will be watching Microsoft (MSFT, Fortune 500) and Yahoo (YHOO, Fortune 500). On Sunday, Microsoft said it had approached Yahoo about teaming up on a transaction. Microsoft said it hadn't resurrected full takeover bid for Yahoo, but left that possibility open.
In global trade, Asian stocks finished higher. European shares edged higher in morning trading. 
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