Updated from 7:41 a.m.

Stock futures began Monday morning slightly lower in a pullback following the Christmas holiday break. 

S&P 500 futures fell 0.34%, Dow Jones Industrial Average futures declined 0.44%, and Nasdaq futures slipped 0.21%. 

Chinese markets were a massive drag on U.S. equities after another monthly decline in profits at Chinese industrial companies. Profit fell 1.4% from a year earlier, marking its sixth straight month of decline and fueling fears over the health of the world's second-largest economy. The Shanghai Composite tumbled 2.6%, its biggest one-day decline since late November.

Crude oil prices were under pressure over fears of international demand triggered by the Chinese selloff. West Texas Intermediate crude oil fell 3.1% to $36.95 a barrel. Energy shares including Exxon Mobil (XOM) - Get Report and Chevron (CVX) - Get Report pulled lower. 

Market activity was volatile last week in low-volume trading during the holiday season. The number of shares traded on the S&P 500 in the past several sessions reached just a fraction of its three-month daily average of nearly 700 million. Trading this week is likely to follow a similar pattern, with markets closed on Friday for New Year's Day. 

Disney's (DIS) - Get ReportStar Wars: The Force Awakens reached the billion-dollar mark at the global box office on Sunday. The milestone made it the fastest-grossing film in history, only 12 days after its debut. The movie has yet to open in China, the world's second-largest movie market. Jurassic World had previously held the record. 

FedEx (FDX) - Get Report drew ire from customers after delays made a number of deliveries late for Christmas. The delivery service has contended with severe weather interruptions, particularly at its major air hub in Memphis.

Amazon (AMZN) - Get Report announced a record-breaking holiday for its Prime delivery service, which also provides video and other perks to members. The tech giant announced that more than 3 million people joined Prime in the third week of December, while 200 million items were delivered to subscribers. 

Pep Boys (PBY) - Get Report has agreed to a $947 million bid from Bridgestone after contemplating an offer from activist investor Carl Icahn. The auto shop chain said the offer from Icahn Enterprises (IEP) - Get Report was no longer a "superior proposal." Bridgestone will pay $17 a share.