Futures Point to Declines as New Trading Week Begins

Updated from 6:40 a.m. EST

Premarket futures were suggesting a lower open for stocks in New York Monday, as major manufacturing and transportation companies struggled with severe economic turmoil.

Futures for the S&P 500 were down 24 points at 871 and were 25 points below fair value. Nasdaq futures were lower by 26 points and were 26 short of fair value.

At the end of an abbreviated session Friday, the major averages finished on the upside in light trading. Investors were monitoring the retailers as consumers flocked to stores to partake in "Black Friday" sales, which mark the beginning of the holiday shopping season. ...