Stocks Weaker on Heels of Friday Rally

The market may be in for some consolidation this morning following solid gains in broad-based rallies last week, as traders and investors take a step back to see whether optimism over cool economic data will hold. After weeks of abrupt swings on low volume, many strategists expect stocks will see some more downside before moving higher.

"Some profit-taking is due considering the way we finished out on Friday," said Bryan Piskorowski, a market analyst at Prudential Securities.

At 9:04 a.m. EDT, the S&P 500 futures were down 5.3 points, over 9 points below fair value and an indication of some selling pressure for the early going. The Nasdaq 100 futures had sunk even lower, down 46.5 points, an indication of some hefty selling sentiment for large-cap tech stocks at the open. ...