Stock futures signal drop; banks, airlines eyed
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 1 percent, Dow Jones futures down 0.9 percent and Nasdaq 100 futures down 1.1 percent.
* Global airlines are likely to lose $9 billion this year, the International Air Transport Association said on Monday, nearly double its estimate of just three months ago, as rising fuel prices and weak demand create an unprecedented crisis for the industry.
* The Obama administration is expected to announce this week that a higher-than-expected number of large financial institutions will be allowed to repay their government bailout funds, the Washington Post reported in its Saturday edition. The newspaper report said the size of the repayments may be twice the initial estimate of $25 billion.
* Barclays Plc
BlackRock
* Boston mutual fund giant Fidelity Investments and New York private equity firm Kohlberg Kravis Roberts & Co.
* Indiana pension funds and consumer groups asked the U.S. Supreme Court on Sunday to stop the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA
* European stocks were down 1.5 percent in morning trade, as lower commodity prices prompted investors to book recent lofty profits on mining and banking stocks such as BHP Billiton
* U.S. stocks ended mixed on Friday, with the major indexes split as investors paused to consider conflicting signals in monthly U.S. jobs data. Investors also sold some recent winners to book gains from the spring rally, which has lifted the S&P 500 up almost 40 percent from its 12-year closing low on March 9.
* The Dow Jones industrial average <.DJI> gained 12.89 points, or 0.15 percent, to 8,763.13. The Standard & Poor's 500 Index <.SPX> declined 2.37 points, or 0.25 percent, to 940.09. The Nasdaq Composite Index <.IXIC> dipped 0.60 of a point, or 0.03 percent, to 1,849.42.
* Year-to-date, the Dow is down 0.2 percent and the S&P is up 4.1 percent.
(Reporting by Blaise Robinson; editing by Simon Jessop)
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