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U.S. Stock Futures Retreat on Weak Chinese Profits, Personal Consumption Data

U.S. stock futures were defensive into Monday's open as a contraction in Chinese corporate profits and subsequent selling in Europe set Dow futures up for a triple-digit loss. Wall Street was also cautious in respect of this week's economic data which kicks off with personal income and spending this morning, as well as remarks from Fed Presidents Charles Evans and John Williams later this afternoon.

In corporate news, Alcoa ( AA ) shares were higher after the aluminum maker said it would split into two companies. Media General ( MEG ) made a $4.1 billion offer for Nexstar ( NXST ), while Energy Transfer Entity ( ETE ) affiliate Energy Transfer Corp said it inked a deal to acquire Williams ( WMB ) for about $43.50 per share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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