After finishing off the worst week of the year on Friday, stock futures are getting slammed on Monday morning. Near 8:41 a.m ET, Dow futures were down 109 points, S&P 500 points were down 11 points, and Nasdaq futures were off 32 points. On Friday, the three major indexes closed down more than 2%. "Markets picking off ... where they left off," wrote Accendo Markets in morning commentary to clients. The analysts recalled that mixed earnings results, a strengthening dollar, and the disappointing new home sales data all weighed on stocks last week. Chinese stocks got clobbered again, and the Shanghai Composite fell 8.48% to clock its worst one-day percentage decline since February 2007. All the sectors closed lower. Gold is catching a bit of a break this morning, and climbed above $1,100, up nearly 1%. But crude oil is still under pressure on oversupply concerns, and fell to as low as $47.45, or a drop of more than 1%. Durable goods orders rose more than expected, led by an increase in transportation orders. Headline orders rose 3.4% (3.2% expected, -1.8% prior), and excluding the volatile transportation and defense components, orders rose 0.8% (0.4% expected, 0.4% prior.) The Dallas Fed manufacturing survey is due at 10:30 a.m. SEE ALSO: Yes, there really was a secret plan to hack the Greek state and bring back the drachma Join the conversation about this story »
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