Good morning! Stock market futures today forecast a 59-point decrease from Friday's close on concerns about growth in Japan and a lackluster oil price forecast. On Friday, the Dow Jones and the S&P 500 both hit record highs, fueled by a stronger-than-expected jobs report.
What to watch today: Investors will keep an eye on oil prices after Morgan Stanley (NYSE: MS) slashed its oil forecast through the year 2019. The investment bank predicted that the global energy markets would hit its oversupply peak in the second quarter of 2015, fueled by OPEC's decision not to reduce production. The news should have a major impact on multinational suppliers and regional producers in the U.S. that have higher-than-average production costs.
Here's the other stock market news you need today - including your "Money Morning Tip of the Day" - to make it a profitable Monday:
Full U.S. Economic Calendar Dec. 8, 2014