Stocks: All eyes on Greece

@CNNMoneyInvest February 6, 2012: 8:19 AM ET
premarkets, u.s. stock futures

Click the chart for more premarket data.

NEW YORK (CNNMoney) -- U.S. stocks were set for a weak open Monday as investors anxiously await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were down between 0.2% and 0.3%. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.

After failing to strike a deal over the weekend, political leaders in Greece are set to resume talks Monday.

They're trying to reach a deal on austerity measures and financial reforms necessary for a €145 billion bailout package from the European Union, International Monetary Fund and European Central Bank.

Without the bailout money, the risk is that Greece will miss a €14.5 billion bond redemption in March. That could lead to a disorderly default, a development that would likely have severe consequences for the global financial system.

What's next for Europe?

U.S. stocks rallied Friday, following a much larger-than-expected increase in hiring and a surprise drop in the unemployment rate. The Dow ended the week at its highest level since May 2008, while the Nasdaq -- up more than 11% for the year -- finished at its highest level since December 2000.

Companies: Shares of Alpha Natural Resources (ANR) fell after the company announced late Friday that will reduce coal production by four million tons due to weakening demand.

Over the weekend, Micron Technologies (MU, Fortune 500) appointed Mark Durcan to lead the company after CEO and chairman Steve Appleton died Friday in a small-plane crash in Boise, Idaho. Durcan, who will also be the director of the Micron's board, previously served as chief operating officer and chief technical officer.

Meanwhile, investors will also continue to keep an eye on quarterly corporate results.

Hasbro (HAS)'s fourth-quarter earnings beat forecasts by a penny a share, but sales fell short and shares of the toy and boardgame maker lost ground .

Humana's (HUM, Fortune 500) fourth-quarter profit rose from a year earlier, and the health insurer also provided an upbeat guidance but shares edged lower.

Coinstar (CSTR), the parent of Netflix's (NFLX) rival Redbox, is expected to report fourth-quarter earnings after Monday's closing bell. Yum! Brands (YUM, Fortune 500) , owner of KFC, Taco Bell and Pizza Hut, is also on tap to post results later in the day.

World markets: European stocks fell in midday trading. Britain's FTSE 100 (UKX) slid 0.2%, the DAX (DAX) in Germany shed 0.3% and France's CAC 40 (CAC40) dropped 0.8%.

Asian markets ended mixed. The Shanghai Composite (SHCOMP) rose slightly and Japan's Nikkei (N225) added 1.1%, while the Hang Seng (HSI) in Hong Kong dipped 0.2%.

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

Oil for March delivery slipped 93 cents to $96.91 a barrel.

Gold futures for April delivery fell $22.50 to $1,717.80 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.93% from 1.95% late Friday.  To top of page

Index Last Change % Change
Dow 17,660.59 303.72 1.75%
Nasdaq 4,732.54 88.23 1.90%
S&P 500 2,048.45 35.56 1.77%
Treasuries 2.22 0.07 3.12%
Data as of 1:37pm ET
Company Price Change % Change
Bank of America Corp... 17.44 0.17 1.01%
Apple Inc 111.83 2.42 2.21%
Oracle Corp 44.61 3.45 8.38%
General Electric Co 24.97 0.54 2.21%
Halliburton Co 39.08 -0.36 -0.91%
Data as of 1:22pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.07%4.07%
15 yr fixed3.13%3.09%
5/1 ARM3.22%3.08%
30 yr refi4.12%4.12%
15 yr refi3.19%3.16%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:

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: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. 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 2014 and/or its affiliates.