This is what you need to know before the bell:
1. European stocks opened lower Monday, while U.S. equity futures slipped into the red, as investors pull back from multi-year highs on global financial markets amid a resurgent greenback and rising oil prices.
2. Oil majors could boosted the benchmark higher after global crude prices hit the highest levels since July 2015 in overnight Asia trade following a dramatic series of arrests in Saudi Arabia following a crackdown on corruption in the Kingdom.
3. Investors extend bets that a House Republican plan to cut taxes by as much as $1.5 trillion over the next ten years would boost growth and inflation prospects and possibly accelerate the Federal Reserve's rate-tightening cycle.
4. T-Mobile US Inc. and Sprint Corp. officially ended merger talks on Saturday, saying they "were unable to find mutually agreeable terms."
5. Earnings on tap for Monday include CVC Health Corp (CVS) - Get Report , Sysco Corp (SYY) - Get Report and Tenet Healthcare (THC) - Get Report while investors will also get a reading on domestic employment trends for the month of October.
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