US stock futures sink; Retailers report earnings

November 14, 2011 - 9:05 AM
Wall Street

In this Nov. 9, 2011 photo, raders work on the floor of the New York Stock Exchange. European markets pulled back from early gains Monday, Nov. 14, 2011, as the initial relief over new governments in Greece and Italy gave way to the reality that those countries still face tremendous obstacles. (AP Photo/Richard Drew)

NEW YORK (AP) — Stock futures are edging lower to start the week.

The retailer Lowe's posted earnings that were below Wall Street's estimates on Monday.

Less than two hours before the opening bell, Dow Jones industrial average futures are down 47 points, or 0.4 percent, to 12,065. S&P 500 index futures are down 8, or 0.6 percent, to 1,253. Nasdaq 100 futures are down 11, or 0.5 percent, to 2,339.

Major indexes closed the week higher last Friday, as it appeared Greece and Italy were making steps toward getting their debt troubles under control. The Dow and the S&P 500 are now positive for the month. The Nasdaq is slightly lower.

No major economic reports are coming out Monday.