Futures Slip on European Concerns, Spending Data

[Stocks-to-Watch]

Stock futures fell early Monday as investors renewed their concerned about Greece ahead of an EU summit later in the day. In addition, a weak Portuguese bond sale and widening German bond spreads helped put a damper on the market, the FT noted. In the U.S., data released on Monday showed personal spending was flat in December, and income was up 0.5%.

Dow futures fell 77 points to 12,537; S&P 500 fell 9 points to 1,303.5.

Industrial company ABB (ABB) agreed to buy Thomas & Betts (TNB), a manufacturer of electric and mechanical parts, for $3.9 billion sending TNB’s shares up 23%. Wendy’s (WEN) fell 2.1% after posting a mixed earnings report.



Original Article Source by Barrons.com