US Markets

Futures fall to session lows on Hong Kong protests

Protests escalate in Hong Kong

Wall Street looked set for a lower open on Monday, with investors cautious after Friday's rally, and global markets rattled by Hong Kong's worst protests in decades.

Volume rose and futures fell to session lows of about 1 percent in the last half hour before the open.

Futures were little changed after reports that , as expected.

U.S. stocks rose sharply on Friday, cutting losses for the week, after the government raised its estimate of economic growth in the second quarter and consumer sentiment rose in September.

The rally boosted Europe and other stock markets, but sentiment was hit after pro-democracy protest in Hong Kong intensified over the weekend. Riot police fired rounds of tear gas and demonstrators continued to block roads on Monday, leading schools and banks to close.

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"U.S. stocks look like following Asian markets lower today, where protests in Hong Kong are bringing back memories of Tiananmen Square," said Jasper Lawler, market analyst at CMC Markets.

Hong Kong's benchmark Hang Seng Index lost 2 percent on Monday, falling to its lowest level since July.

Volatility coming back

In the U.S., the main data releases on Monday after the bell are pending home sales and the Dallas Federal Reserve manufacturing survey. This comes in the build-up to Friday's non-farm payrolls report for September, which is expected to reveal the slowdown in employment growth in August was only temporary.

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Stocks to watch on Monday include Apple. The tech stock rebounded 2.9 percent on Friday but could wobble on Monday after the Financial Times reported that Apple is set to be accused by the European Union this week of prospering from illegal Irish tax deals.

Also, media reports suggest that Japan's SoftBank is in talks to acquire DreamWorks Animation, the Hollywood studio behind "Shrek" and "Madagascar."

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The day will be a light one for corporate results, with earnings season kicking off next week.