Futures declined Friday following the Thanksgiving holiday as investors returned to focusing on the euro zone debt crisis.
The stock market will close at 1 pm ET in a shortened trading session Friday.
With no economic data due, developments in Europe will once again dominate market moves.
European stockswere down after German Chancellor Angela Merkel reiterated her opposition to issuing joint euro zone bonds. Investors remain nervous that a permanent solution will not be found.
An Italian T-bill auction offered a fresh indication of investors’ lack of confidence in the country’s newly-appointed government and broader fears that the euro zone debt crisis cannot be contained. Yields shot up to new euro era highs.
A failed German bond auction earlier this week spooked markets and stoked fears that not even the euro zone’s strongest performers are immune from the debt crisis.