NEW YORK (
) -- Stock futures pointed to a weaker open Monday as markets appeared uncertain about the €85 billion ($113 billion)
bailout package for Ireland.
Futures for the
Dow Jones Industrial Average
were down by 10 points, or 53 points below fair value, at 11,020. Futures for the
were 2 points lower, or 7 points below fair value, at 1181 and
futures were off by 6 points, or 14 points below fair value.
U.S. stocks finished in the red during Friday's shortened trading session as global markets feared Portugal and Spain may be the next eurozone countries to seek financial assistance from the European Commission and the International Monetary Fund.
On Sunday, European finance ministers approved a financial aid package to shore up Ireland's banks, but European markets appeared uncertain about the plan as the euro fell to $1.3136 from $1.3248 on Friday. The FTSE in London was down by 0.8% and the DAX in Frankfurt was off by 1.1%. Hong Kong's Hang Seng gained 1.3% and Japan's Nikkei added 0.9%.
With no economic reports scheduled, the market will focus on the retail sector as investors await "Black Friday" weekend sales reports.
The National Retail Federation said its survey found that
reached an estimated $45 billion. Last year, the NRF said total Black Friday weekend spending was $41.2 billion.
were up 1% to $76.75 ahead of Monday's opening bell on a Wells Fargo upgrade to outperform from market perform. Wells Fargo said Deere is gaining market share and improving its balance sheet.
Shell Oil unit put its South Texas gas fields up for sale, according to a
Wall Street Journal
report. The stock was down 1.5% to $61.30 in early trading.
In commodity markets, the January crude oil contract was up by 80 cents to trade at $84.56 a barrel. The December gold contract was down by $3.20 to $1,359.20 an ounce.
The dollar traded higher against a basket of currencies with the dollar index up by 0.4%, and the benchmark 10-year Treasury note strengthened 10/32, diluting the yield to 2.835%.
--Written by Melinda Peer in New York
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.