U.S. stock index futures declined on Monday, following weak economic data from Asia and after Morgan Stanley slashed its forecast for oil prices until 2018.
The S&P 500 and Dow ended at record highs last week following nonfarm payrolls data that showed U.S. employers created 321,000 jobs last month, the largest gain since January 2012. The unemployment rate remained unchanged at a six-year low of 5.8 percent.
However, economic news was more negative from Asia on Monday, with revised figures for Japan showing the economy shrunk by an annualized 1.9 percent in the third quarter. Plus, trade data showed China's exports and imports slowed sharply in November.