NEW YORK (TheStreet) -- The holiday cheer that pushed stock markets to new heights last week looks to have run its course as U.S. stock futures slipped Monday morning.
S&P 500 futures slid 0.17%, Dow Jones Industrial Average futures fell 0.23%, and Nasdaq futures edged 0.09% lower.
Futures followed European markets lower as Greek Prime Minister Antonis Samaras called for a general election in January after parliament failed to elect a president. Should the left-wing Syriza party win, international bailout plans will be put in jeopardy.
"With the will of our people, in a few days bailouts tied to austerity will be a thing of the past," Syriza leader Alexis Tsipras said after the parliamentary vote.
The Athens Stock Exchange slid more than 6%, while Germany's Dax fell 0.69% and France's CAC 40 dropped 0.42%.
Oil prices were climbing as fighting intensified at Libya's major Es Sider Port. Earlier, fires wiped out three oil-storage tanks holding around 800,000 barrels of crude at Libya's central export terminal. Crude prices have been pressured for months as supply outstripped demand. West Texas Intermediate crude jumped 1.3% to $55.43 a barrel.
The Manitowoc Company (MTW) jumped more than 11% premarket as activist investor Carl Icahn disclosed a 7.77% stake. Icahn hopes to break up the company's heavy machinery and cranes segment and its food-service equipment branch into two separate businesses.