Stocks: 'We're in for a weak summer'

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NEW YORK (CNNMoney) -- U.S. stocks were poised to take a breather Monday, after falling last week following a string of disappointing job news.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were little changed ahead of the opening bell. Futures measure current index values against perceived future performance.

U.S. stocks fell sharply on Friday, with the Dow and S&P posting a fifth consecutive week of declines as traders digested a disappointing May jobs report.

With no economic reports on tap for Monday, it could be a volatile session.

"After the fun and games we saw on Friday with the bad payroll numbers, expect a fairly quiet week this week -- especially in the beginning, with little economic news," said Manoj Ladwa, a senior trader at ETX Capital. "But as we digest those numbers, the bias is going to be to the downside."

Don't count on stimulus. It's not coming

Over the past few months, investors have been faced with increasing signs that the economic recovery is stalling.

In spite of all the choppiness, stocks have still been heading higher. But with the Federal Reserve's bond-buying program coming to a close at the end of this month, along with the typical summer slowdown, most experts say buckle in ... it's going to be a bumpy ride.

June swoon - StockTwits

"We're in for a weak summer," said Ladwa. "Quantitative easing comes to an end in June, it's possible that corporate earnings have hit a top in their cycle, and the weaker numbers we're seeing in economies across the globe are indicating that markets could be getting back into a recession again."

Companies: Investors will be monitoring Apple (AAPL, Fortune 500) CEO Steve Jobs' keynote speech at the Worldwide Developers Conference in California, scheduled to start at approximately 1 p.m. ET. Jobs is expected to unveil a new Apple cloud computing music service and possibly a new version of the iPhone.

Shares of Apple edged up slightly in premarket trading.

World markets: European stocks were mixed in morning trading. Britain's FTSE 100 rose 0.2%, the DAX in Germany dipped 0.1% and France's CAC 40 fell 0.8%.

In Asian markets, Japan's Nikkei finished 1.2% lower. The Shanghai Composite and the Hang Seng in Hong Kong were closed for holidays.

Currencies and commodities: The dollar rose against the euro and the British pound, but fell versus the Japanese yen.

Oil for July delivery slipped $1.03 to $99.19 a barrel.

Gold futures for June delivery edged up $1.20 to $1,542.90 an ounce.

In other commodities, copper and silver jumped more than 1%, while natural gas prices rose 2.5%.

Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3.01% from 3.00% late Friday. The yield has been pressured lower as investors seek safety in government backed debt amid all the economic uncertainty.