Updated from 6:48 a.m. EDT
Here are 10 things you should know for Monday, April 14:
1.-- U.S. stock futures were pointing to a weaker start for Wall Street and global stocks were lower following declines in the U.S. last week caused by corporate earnings anxiety.
Asian shares ended Monday's session mostly to the downside. Japan's Nikkei 225 index fell 0.4%.
2.-- The economic calendar in the U.S. on Monday includes retail sales for March at 8:30 a.m. EDT and business inventories for February at 10 a.m.
3.-- U.S. stocks on Friday fell, led by high-momentum stocks. Bank stocks sank after a lackluster earnings report from JPMorgan Chase (JPM), while heavy-volume technology and biotechnology stocks continued to slide.
The Dow Jones Industrial Average closed 0.88% lower at 16,027.84 on Friday while the S&P 500 shed 0.95% to finish at 1,815.71. The Nasdaq was off 1.34% to 3,999.73.
4. -- Citigroup (C) reported first-quarter earnings excluding items of $1.30 a share as revenue fell 1% to $20.12 billion; analysts were expecting profit of $1.14 a share on revenue of $19.37 billion.
The bank said earlier this month it would take a charge of about $100 million for the first quarter after it agreed to pay $1.13 billion to settle claims by investors seeking that the lender buy back billions in residential mortgage-backed securities.
The Wall Street Journal reported the bank has cut another 200 to 300 jobs, or about 2% of its global markets business.
The stock was rising 1.9% in premarket trading on Monday to $46.55.
5. -- Amazon.com is preparing to release a smartphone in the second half of this year, according to people briefed on the company's plans, the Journal reported.
The online retailing giant has been demonstrating versions of the handset to developers in San Francisco and its hometown Seattle in recent weeks, the people told the newspaper. People briefed on the company's plans have been told that Amazon aims to announce the phone by the end of June and begin shipping phones by the end of September, ahead of the holiday shopping season.
Amazon shares rose 0.5% in premarket trading to $313.23.