NEW YORK ( TheStreet) -- U.S. stock futures were trading lower on Monday after Friday's gains that saw the Dow Jones Industrial Average and S&P 500 close at record highs.

European stocks declined while Asian shares ended Monday's session after a report pointed to manufacturing weakness in China, the world's second-largest economy. A similar report on the manufacturing sector in the eurozone rose slightly but wasn't far off contraction territory.

Dow futures fell 0.18% to 17,280 and S&P 500 futures declined 0.11% to 2,009. Futures on the Nasdaq, which closed on Friday at levels not seen since the dot-com bubble burst, fell 0.08% to 4,147.

Watch the video below for a closer look at how U.S. futures are doing in premarket trading Monday:

The economic calendar on Monday includes includes the ISM Index for October at 10 a.m. EST, and construction spending for September at 10 a.m.

Shares of digital ad specialist Sapient (SAPE) rose 42% in premarket trading on Monday to $24.61 after France's Publicis (PUBGY) agreed to buy the company for $3.7 billion.

Covance (CVD) shares soared more than 29% in premarket trading after agreeing to be acquired by LabCorp(LH) - Get Report for $5.6 billion.

Argentine authorities accused Procter & Gamble(PG) - Get Report of tax fraud and suspended its operations in the country. The stock fell 0.3% in premarket trading.

Sprint(S) - Get Report and AIG(AIG) - Get Report are scheduled to report quarterly earnings on Monday and automakers such as Ford(F) - Get Report and GM(GM) - Get Report are expected to post car sales data for October. Chrysler said sales in October rose 22% from a year earlier, marking the best October for sales since 2001.

The Japanese yen fell to a seven-year low against the dollar following the surprise stimulus announcement from the Bank of Japan on Friday.

-- Written by Joseph Woelfel

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