Hedge fund manager John Paulson told investors to expect continued, short-term volatility in gold as well as further consolidation in the telecom business in the wake of a MetroPCS Communications merger with Deutsche Telekom's T-Mobile unit that was approved earlier in the day.
Stocks finished at session lows Monday, posting their sharpest one-day drop this year, as disappointing economic data from China triggered a selloff in commodities.
U.S. stock index futures were in negative territory Monday as weak economic data in China sparked a global commodities selloff and trumped encouraging earnings from Citigroup.