U.S. stock index futures opened slightly lower after the Dow Jones and Nasdaq indexes rose fractionally during Friday's session. The S&P 500 was flat in Friday trading.
The indexes showed some volatility during Friday's session, opening ahead before reaching session lows in the morning and then rallying in the afternoon.
Over the weekend, Lawrence Summers, ex-chief economic adviser to President Barack Obama and former Treasury Secretary, told the television program "Wall Street Week" that the Federal Reserve should keep rates low because growth in the U.S. is near "stall speed," Bloomberg reported.
New York Mayor Bill de Blasio blasted predatory hedge fund managers who he says are hoping that Puerto Rico fails in its efforts to recover from defaulting on its debt.
"There is a very powerful group of people in the private sector who are actually hoping that Puerto Rico fails. We can't allow it to hold up action," de Blasio said after returning from a trip to the U.S. territory, according to Bloomberg.
Weyerhaeuser (WY) agreed to buy Plum Creek Timber (PCL) in a deal valued at about $8.4 billion. The acquisition would create a real estate investment trust that will be the largest private owner of timberland in the U.S.
Sony's (SNY) latest James Bond movie, "Spectre," debuted with a $73 million box office take, giving it the top weekend spot. 20th Century Fox's (FOXA) "The Peanuts Movie" came in second with $45 million this weekend.
Looking ahead, there are many earnings releases that we have our eyes on.
On Monday, Priceline's (PCLN) earnings are on the radar, with Jim Cramer predicting that the high-growth travel stock will not be stopped by slightly higher interest rates.
On Tuesday, homebuilder DR Horton (DHI) reports, with Cramer saying that he'd be a seller as this stock is affected by higher rates. Also on Tuesday, there are analyst days at Cummins (CMI), McDonald's (MCD) and Brunswick (BC). Cramer said while the turnaround at McDonald's is for real, he's not a buyer of Cummins or Brunswick, which is at a 52-week high.
Wednesday brings earnings from Macy's (M), a stock that's been hammered down 25% this year and is likely to head still lower as warm weather curtails winter clothes buying in much of the U.S.
Then, on Thursday, we are watching more retail with Kohl's (KSS) and Nordstrom (JWN) reporting. Cramer said he's not drawn to either stock for the same reasons as Macy's. Cramer said Action Alerts PLUS holding Cisco Systems (CSCO) is a buy, but Viacom (VIAB) is a reason to buy Walt Disney (DIS) on any weakness.
Finally, on Friday, it's J.C. Penney (JCP) reporting. While the stock is cheap, Cramer said he still can't recommend it.
Separately, Barron's cover story explored the health-care issues facing retirees and how proper planning can help with later eldercare decisions.
"Planning ahead allows retirees to better evaluate costs, which differ considerably across the country. The median price for a one-bedroom apartment in an assisted living facility ranges from as little as $33,000 a year in Missouri, to $94,000 in Washington, D.C., according to Genworth. Advanced planning also gets them a spot on the waiting lists at more popular facilities-increasingly important as more baby boomers enter their 70s and 80s," Barron's said.
Barron's also covered General Motors (GM) this weekend, saying that the car company's rally is for real and that shares could grow by 40%.
For even more information on data and earnings in the week ahead, you can reference TheStreet's weekly earnings calendar.