Stock futures dip; Morgan Stanley leads the way lower

U.S. stock futures on Monday pointed to a lower open, weighed down in part by Morgan Stanley’s nearly 6% drop after the bank’s disappointing quarterly results.

Oil driller Transocean Ltd. also helped to drive the decline, as crude futures dropped after China’s latest GDP data and fresh fears about oil oversupply.

S&P 500 futures ESZ5, -0.32% inched lower by 3.25 points, or 0.2%, to 2,022.25, while Dow Jones Industrial Average futures YMZ5, -0.31% slipped by 26 points, or 0.2%, to 17,089.

Nasdaq 100 futures NQZ5, -0.28% shed 5.50 points, or 0.1%, to 4,429.25.

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