Stocks were set for a lower open Monday as a host of mergers and lower oil prices weren't enough to stave off worries about what this week's slew of economic reports will reveal about the U.S. economy.
Futures on the
were 1 point below fair value, and the Nasdaq 100 was set for a 2-point decline at the start of trading.
Acquisitions were the story of the day, as
both agreed to be purchased. Meanwhile,
struck a deal to buy an Indian firm, and
announced plans to separate part of its European foods business.
On the commodities front, crude oil prices were falling $1.43 to $71.08 a barrel as Tropical Storm Ernesto appeared headed for a northerly track that would steer it clear of the Gulf of Mexico's petroleum infrastructure.
has reached a pact with
to sell advertising on pages users outside the U.S. see. eBay has a similar arrangement with
To view Farnoosh Torabi's video take on today's market, click here