NEW YORK ( TheStreet) -- U.S. stock futures were trading lower on Monday after Friday's gains that saw the Dow Jones Industrial Average and S&P 500 close at record highs.
European stocks declined while Asian shares ended Monday's session after a report pointed to manufacturing weakness in China, the world's second-largest economy. A similar report on the manufacturing sector in the eurozone rose slightly but wasn't far off contraction territory.
Dow futures fell 0.18% to 17,280 and S&P 500 futures declined 0.11% to 2,009. Futures on the Nasdaq, which closed on Friday at levels not seen since the dot-com bubble burst, fell 0.08% to 4,147.
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Watch the video below for a closer look at how U.S. futures are doing in premarket trading Monday:The economic calendar on Monday includes includes the ISM Index for October at 10 a.m. EST, and construction spending for September at 10 a.m.
Shares of digital ad specialist Sapient ( SAPE) rose 42% in premarket trading on Monday to $24.61 after France's Publicis ( PUBGY) agreed to buy the company for $3.7 billion.
Covance ( CVD) shares soared more than 29% in premarket trading after agreeing to be acquired by LabCorp ( LH) for $5.6 billion.
Argentine authorities accused Procter & Gamble ( PG) of tax fraud and suspended its operations in the country. The stock fell 0.3% in premarket trading.
Sprint ( S) and AIG ( AIG) are scheduled to report quarterly earnings on Monday and automakers such as Ford ( F) and GM ( GM) are expected to post car sales data for October. Chrysler said sales in October rose 22% from a year earlier, marking the best October for sales since 2001.
The Japanese yen fell to a seven-year low against the dollar following the surprise stimulus announcement from the Bank of Japan on Friday.
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-- Written by Joseph Woelfel