Stocks were prepared for a weak open Monday as Wall Street and the rest of the nation somberly remembered the terrorist attacks of Sept. 11 five years ago.
Futures on the
were losing 5.5 points to 1305, 4 points below fair value. Nasdaq 100 futures were down 8 points to 1581.50 and were more than 12 points under fair value.
Oil prices were working on a six-day losing streak and were falling 99 cents to $65.26 a barrel. Other energy prices were also lower.
, the controversy over a program to secretly access the phone records of directors and a group of journalists continued. This weekend, the company's board met, partly to discuss the future of Patricia Dunn, the chairman, but no decision was reached.
, formerly part of
( MOT), is reportedly in line to be sold to a group of private investors for more than $16 billion. The report, published in
The New York Times
, lifted Freescale's shares 12% in premarket trading.
A confirmed deal involved
, a steel company that set plans to buy
for $66 a share, or $1.46 billion.
was preparing for a midquarter update after the close. The chipmaker's shares finished Friday at $31.
edged lower before the bell on word that the PC seller will delay the filing of its quarterly report for the fiscal second quarter ended Aug. 4. The company cited questions raised in the informal investigation by the
Securities and Exchange Commission
into certain accounting and financial reporting matters. Dell was lower by 0.3% at $21.59.