Europe Stocks Give Back Gains - TheStreet

Europe Stocks Give Back Gains

A modest selloff overcomes earlier gains in Asia.
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World stocks were mixed Monday morning as Wall Street tries to shake off a two-day swoon at the end of last week.

U.S. stock futures pointed toward a small rise at the open, with the Dow Jones Industrial Average futures up 23 points and the Nasdaq futures up 2. The news comes as investors await earnings Monday from

Verizon

(VZ) - Get Report

and

Sun Microsystems

(SUNW) - Get Report

.

The modest gains come after the blue chip DJIA lost 519 points over two days at the end of the week, including a plunge in the last half hour of trading Friday to erase an earlier bounceback.

Overseas, Asian stocks rose and European stocks started strong before selling off later in the session.

In Asia, China's Shanghai composite rose 2.2%, while Hong Kong's Hang Seng rose 0.8% and Japan's Nikkei was up fractionally. In Europe, markets in the U.K., France and Germany were all down 0.3%-0.5% after earlier having been up.