NEW YORK (CNNMoney.com) -- U.S. stocks were headed for a weak start Monday, as investors remain nervous about the debt situation in Europe.
Dow Jones industrial average, S&P 500 futures and Nasdaq 100 futures were lower, after being higher in earlier trading.
Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins in New York.
Stocks slumped last week amid worries about mounting debt problems in Greece and Spain and the outlook for the U.S. economic recovery. But Wall Street finished Friday's session with gains, thanks to a late-session rally led by tech shares.
With no U.S. economic reports due Monday, investors will remain focused on Europe's fiscal woes, said Art Hogan, chief market analyst at Jefferies & Co.
"The key over the last few days has been what the dollar is doing in response to pressure from Europe," he said.
The U.S. dollar recovered from earlier weakness to trade higher against its main trading partners. The advance came as comments from Group of Seven finance ministers over the weekend failed to soothe concerns about Greece.
Despite the stronger greenback, oil and gold prices held modest gains.
"If we get a bounce in the commodities markets, the stock market might find some support," Hogan said.
Companies: Lender CIT Group (CIT, Fortune 500) said it has tapped former Merrill Lynch CEO John Thain to lead the company. Thain will serve as the company's chairman and chief executive. (Former Merrill chief tapped to head CIT)
Toyota Motor (TM) has told dealers that it is working on a solution to problems with the brake system of its Prius hybrid sedan. Details about the fix are expected to be announced early this week.
World markets: European shares turned mixed, with some markets giving back earlier gains. The DAX in Germany was up 0.1%, while markets in London and Paris fell.
Stocks in Asia pulled back Monday. The Nikkei in Japan shed 1% while Hong Kong's Hang Seng fell 0.6%.
Dollar and bonds: The dollar rose against most international currencies. The price of the 10-year note fell, pushing up the yield to 3.58%.
Oil and gold: The price of oil rose 8 cents per barrel to $71.27. The price of gold rose $14.40 per ounce to $1,066.60 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.89% | 3.88% | |
| 15 yr fixed | 3.21% | 3.21% | |
| 5/1 ARM | 2.87% | 2.88% | |
| 30 yr refi | 3.96% | 3.96% | |
| 15 yr refi | 3.30% | 3.29% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,882.21 | 80.98 | 0.63% |
| Nasdaq | 2,931.03 | 27.15 | 0.93% |
| S&P 500 | 1,352.58 | 9.94 | 0.74% |
| Treasuries | 1.98 | 0.01 | 0.76% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 8.26 | 0.19 | 2.35% |
| Sprint Nextel Corp | 2.30 | 0.00 | 0.22% |
| Cisco Systems Inc | 19.98 | 0.09 | 0.45% |
| Ford Motor Co | 12.58 | 0.13 | 1.09% |
| Citigroup Inc | 33.28 | 0.35 | 1.08% |
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