20 June 2005, 17:36 U.S. stock futures are pointing to a lower open
U.S. stock futures are pointing to a lower open Monday as oil prices edged closer to $60 a barrel. Dow futures were down 31 points at 10,615, Nasdaq 100 futures fell 5 points to 1,543 while S&P 500 futures were off 3.30 points to 1,217.
"This morning's pullback won't be breaking any technical support levels, but we should see a pullback to the breakout point at Dow 10,600 and S&P 1,210," according to Marc Pado, U.S. market strategist at Cantor Fitzgerald.
"If crude can reverse back down after hitting $60, that should support the market holding onto recent gains."
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