Financeroll.com – U.S. stock futures point to a flat opening Monday morning as traders turn apprehensive about extending the late-day recovery seen on Wall Street last Friday following sharp losses in recent sessions amid sovereign credit concerns in Europe.

With no major economic data on tap, traders might look for cues from earnings and also go bargain hunting at lower levels in late trading session, with an eye on the developments in Europe in connection with debt crisis.

As of 6.15 am ET, the Dow futures were unchanged from previous close, and the S&P futures were up by 0.20 points, while the tech-heavy Nasdaq 100 futures were down by 1.00 point.

Developments in the Euro region, especially in Greece, Portugal, Spain and Ireland with regard to sovereign credit concerns and ECB's response to the growing uncertainty in the region, in addition to the developments in commodity and currency markets will be of interest to traders as the earnings season meanders towards the final phase and economic calendar points to thin activity during the week.

Before the market opens for trading, Chindex (CNDX), CVS Caremark (CVS), Hasbro (HAS) and Loews Corp. (L) are among the major companies that would be reporting their quarterly results. Electronic Arts (ERTS), Hatford Financial (HIG), Lincoln National (LNC), Owens & Minor (OMI) and Waste Connections (WCN) are among the major companies that will report their results after the markets close.

• 03/09/2010 16:21 - Crude slips on dollar rise and economic uncertainty
• 03/08/2010 11:12 - Sarkozy: Euro Zone Ready to Help Greece If Needed
• 03/08/2010 10:03 - HK stocks end in second straight gain, led by China Construction Bank

• 02/08/2010 10:44 - Hong Kong ended at 5 month low, China falls
• 02/08/2010 05:00 - Asian fluctuates on negative earning outlook
• 02/08/2010 04:36 - Rupiah and IHSG going down together

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