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NEW YORK (CNNMoney) -- U.S. stocks point to a lower open as global markets react to growth concerns in Europe and the United States.
The Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were lower early Monday morning. Stock futures indicate the possible direction of the markets when they open at 9:30 a.m. ET.
Investors head into the week reeling from a dismal monthly jobs report on Friday, and as worries about the European debt crisis grow. .
U.S. stocks tumbled more than 2% Friday in the worst trading day of the year so far. The Dow erased all its gains for 2012, and the S&P 500 and Nasdaq moved into correction territory -- down more than 10% from the year's highs.
The CNNMoney's "Fear and Greed" index fell more sharply into extreme fear territory in trading Friday. And that fear fed into the flight to safety, driving up bond prices and pushing the yield on the benchmark 10-year Treasury down to a record low close of 1.47%.
Bonds prices retreated slightly in Monday trading, allowing the yield on the 10-year note to rise back to 1.50%.
Meanwhile in Europe, anxieties over the health of the Spanish banking system and the possibility that Greece could soon exit the euro remain high.
Billionaire fund manager George Soros, in a speech in Italy on Saturday, said that European political leaders have only three months to find a solution to the sovereign debt crisis, or else the entire European Union common market will collapse. And added that if that happens, a "lost decade" of economic pain awaits Europe.
There are also worries about slowing growth in emerging markets like China and India. Recent reports out of China last week showed that the country's manufacturing sector contracted more than expected in May.
World markets: European stocks were mixed in morning trading. The DAX (DAX) in Germany fell 1.2%, while France's CAC 40 (CAC40) edged up 0.3%. British markets are closed to mark Queen Elizabeth's Diamond Jubilee.
Asian markets ended lower in their first day of trading since the U.S. jobs report. The Shanghai Composite (SHCOMP) tumbled 2.7%, and the Hang Seng (HSI) in Hong Kong fell 2%. Markets in Japan were closed for holiday.
Economy: A report on April factory orders in the U.S. is due on Monday. Orders are expected to have ticked up by 0.1%, according to a survey of analysts by Briefing.com, after dropping 1.9% in the month prior.
Companies: No major corporate results are expected on Monday.
Groupon (GRPN) shares gave up another 0.9% in after-hours trading Friday. The online discount service, which has been dogged with questions about its accounting practices since its initial public offering in November, ended its lock-up period Friday, meaning that insiders who own shares are now able to sell them.
Currencies and commodities: The dollar rose against the euro and Japanese yen, but fell versus the British pound.
Oil for July delivery fell $1.12 to $82.07 a barrel.
Gold futures for August delivery rose 60 cents to $1,622.70 an ounce.
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