Stock futures signal weaker Wall Street open
Stock futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 1.1 to 1.4 percent.
(REUTERS) -- The Republican and Democratic leaders of a 12-member congressional "super committee" are set to declare defeat in their attempt to find at least $1.2 trillion in budget savings over 10 years after three months of talks failed to bridge deep divides over taxes and spending.
The Federal Reserve Bank of Chicago releases at 1330 its Chicago Fed National Activity Index for October. The index read -0.22 in the prior month.
National Association of Realtors (NAR) will release at 1500 GMT existing home sales for October. Economists forecast a 4.8 million annualized unit total in October versus 4.91 million annualized units in September.
On the earnings front, companies announcing results include Hewlett-Packard (HPQ.N) and Tyson Foods (TSN.N).
Chinese Vice-Premier Wang Qishan warned on Monday the global economy was in a grim state and that an "unbalanced recovery" might be the best option, at talks where senior U.S. officials said the mood at home toward China was souring.