S&P 500 futures fell 7.75 points to 1344.00, Dow Jones Industrial Average futures fell 84 points to 12643.00, and NASDAQ futures fell 12.75 points to 2596.25.
Spanish 10-year bonds rose to a 7.08% yield.
WTI crude oil futures rose $1.06 to $85.51, erasing some of Friday’s losses.
Corn futures had a massive gain of 38.25 cents after last week’s heatwave, and rain expected to miss key agricultural areas.
EUR/USD futures rose with gold futures with the currency pair trading up 31 pipps to $1.2314 and gold up $8.60 to $1587.50.
Ford Motor Co. (F) and Texas Instruments Inc. (TXN) warned investors that this quarter’s earnings will be lower than expected due to lower global demand. F fell 2% and TXN fell 1.26%.
Facebook Inc. will issue its first quarterly earnings as a public company on July 26. This morning FB shares rose 3.34% after releasing that they are developing a job board similar to the one found on LinkedIn (LNKD). FB shares are trading 17% lower than its May 18 IPO. LNKD fell 5.14%.
Thomson Reuters (TRI) fell .95% after buying FX Alliance (FX) for $616 million. FX rose 40.13%.
David Cornes holds a degree in economics from the University of Montana.