Stock futures followed European equities lower on Monday morning after a meeting of the G-20 nations failed to result in more funding for the IMF. The group said it will consider adding more money as long as the Euro Zone also gives more. European indexes fell, with the Stoxx Europe 600 trading 0.9% lower and the German DAX down 1.3%.
U.S. indexes were lower after the S&P 500 closed at its highest level in nearly four years on Friday.
Dow futures fell 47 points to 12,914; S&P 500 futures fell 6.5 points to 1,356.8.
Nymex crude fell 0.8% to $108.90.
Lowe’s (LOW) rose 1.5% after beating earnings expectations. BP (BP) was trading 2% higher on a report that it was discussing a $14 billion settlement with plaintiffs who had sued over the Macondo spill. HSBC (HBC) fell 4.1% after missing analysts’ earnings expectations.
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