Stock futures fall after market milestones

NEW YORK (AP) — U.S. stock futures fell before the market opened Monday as investors looked ahead to U.S. corporate earnings. Stocks gave up some of their gains from late last week, when the U.S. reported robust job gains, underscoring a recent trend of stronger hiring and healthy manufacturing.

KEEPING SCORE: An hour hour before the opening bell in New York, Dow Jones industrial average futures fell 39 points, or 0.2 percent, to 16,937. Standard & Poor's 500 index futures slipped five points, or 0.3 percent, to 1,972. Nasdaq 100 futures fell 10 points, or 0.3 percent, to 3,905.

The Dow closed above 17,000 for the first time Thursday following the good news on U.S. jobs growth. U.S. financials markets were closed Friday for the Independence Day holiday.

EARNINGS BEGIN: Investors will get a sense of how corporate profits are faring when some big names report earnings this week, including Alcoa on Tuesday and Wells Fargo on Friday.

EUROPE: On Monday, France's CAC-40 shed 1 percent. Germany's DAX was off 0.5 percent, as was Britain's FTSE 100.

ASIA: China's benchmark Shanghai Composite Index closed little changed while Tokyo's Nikkei 225 shed 0.4 percent. Hong Kong's Hang Seng ended flat.

PROMISING RESULTS: Shares of BioDelivery Sciences International surged 15 percent Monday in premarket trading after the drug developer said its potential severe pain treatment fared better than a placebo, or fake drug, in another late-stage study. The company said the trial also triggered another $10 million milestone payment from Endo International Plc, which has a licensing agreement with BioDelivery. BioDelivery's stock rose $1.78 to $13.77.

BONDS AND COMMODITIES: In the market for government bonds, the yield on the 10-year note fell to 2.63 percent from 2.64 percent late Thursday. Bond yields fall when prices rise. U.S. crude for August delivery was down 11 cents to $103.93 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell as low as $103.70 on Friday before closing at $104.06.

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