Stocks: Looks to be a dour day

By CNNMoney.com staff


NEW YORK (CNNMoney.com) -- U.S. stocks looked set to start the week on a dour note Monday, as investors remained anxious about the economic outlook.

At 7:05 a.m. ET, Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were down about 1%, with Dow futures off 101 points.

Futures measure current index values against perceived future performance and offer an indication of how markets may open when trading begins in New York.

U.S. stocks have been volatile amid concerns about global growth. Although stocks gained Friday, they ended the week lower, with the Dow and S&P 500 both down around 4% and the Nasdaq off 5%.

Economy: Investors will digest a report on existing home sales in April.

The report from the National Association of Realtors is expected to show that sales rose to a seasonally adjusted 5.65 million unit rate last month, according to a consensus of economists surveyed by Briefing.com.

Companies: The U.S. Justice Department will not pursue criminal charges against AIG (AIG, Fortune 500) or its executives due to insufficient evidence, according to several published reports.

World markets: Markets were mixed in Europe. The CAC 40 in France was flat in morning trading, while Britain's FTSE 100 fell 0.3% and Germany's DAX dipped 0.9%.

In Asia, the Shanghai Composite surged 3.5% and the Hang Seng ended the session 0.6% higher. Japan's benchmark Nikkei index fell 0.3%.

Dollar and commodities: The euro slumped against the dollar, after the shared currency made some gains last week. The euro fell 1.5% against the U.S. currency.

The greenback was up 0.7% on the British pound, and it rose 0.2% versus the Japanese yen.

U.S. light crude oil for July delivery rose 4 cents to $70.08 a barrel.

Bonds: Treasury prices were higher early Monday, pushing the benchmark 10-year note's yield down to 3.17%. Bond prices and yields move in opposite directions. To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More


Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.