US Markets

Futures point to a weak open as investors look ahead to key earnings, data

Key Points
  • Mondelez International, Everest Re, Texas Roadhouse and more are set to publish earnings Monday
  • Oil and data will also be in focus during trade

U.S. stock index futures pointed to a slightly lower Monday as investors awaited the latest batch of corporate earnings and economic data.

Dow Jones industrial average futures fell 53 points, while S&P 500 futures declined 5.25 points.

Earnings season continues to be in full swing, with a number of major brands gearing up to publish their latest financial figures.

Spencer Platt | Getty Images News | Getty Images

, , , and are just some of the names set to issue their latest earnings reports.

In other corporate news, Lennar agreed to buy homebuilder CalAtlantic for $9.3 billion, creating the largest U.S. homebuilder. For-profit colleges Strayer and Capella agreed to merge in a stock-swap deal.

Meanwhile, a new batch of data was released, with personal income rising 0.4 percent in September, matching estimates. The Dallas Fed's Texas Manufacturing Outlook survey is set to be published at 10:30 a.m. ET.

In politics, President Donald Trump's approval rating has hit its lowest level, released Sunday, with his job approval rating falling to 38 percent, having declined 5 points since the previous month.

On the commodities front, oil prices fluctuated in early trade, as rising exports from Iraq capped gains in the market. However, hopes were lifted somewhat, on expectations that an OPEC-led production cut would be extended past its deadline of March 2018; Reuters reported.

At 8:39 a.m. ET, U.S. crude was trading slightly higher at $54, while Brent hovered around $60.63 per barrel.

Meanwhile, rose slightly on Monday, while closed mostly mixed.

Last Friday, , with the tech-heavy Nasdaq composite hitting a record high in the session following a positive batch of earnings reports.

No major speeches are set to take place by the U.S. Federal Reserve on Monday; however, talk of who will take on the position as will remain on the minds of investors.

—CNBC's Javier E. David contributed to this report.