US Stock Futures Signal Weak Start After Long Holiday Weekend

US stock futures are signaling a lower start on the Wall Street today, after a long holiday weekend. Shares of Barclays Plc BCS might suffer after the company named its new chief executive. Futures on the Dow Jones Industrial Average dropped 41.00 points to 10,395, while S&P 500 futures declined 7.00 points to 1,097. Nasdaq 100 futures slipped 10.25 points to 1,857. The Dow surged 1.24% on Friday driven by upbeat data on the US labor market. No major US economic data is scheduled for today. President Barack Obama proposed a $50 billion plan on Monday with the aim of jump-starting the slumping US economy. The far-reaching plan includes renovating and modernizing the transportation networks - roads, rail lines and airport runways. Shares of Barclays dipped 5.33% in pre-market trading after the bank named Robert Diamond as its new group chief executive from next year. Diamond will be replacing John Varley. As reported by BBC, the chairman of HSBC Holdings Plc HBC Stephen Green will resign from his current post. Green has resigned to become the trade minister in the UK's coalition government. Shares of Oracle Corp ORCL jumped 3.2% in pre-market trading after the company announced Mark Hurd as its president. Hurd was the former scandal-hit chief executive of Hewlett-Packard Co HPQ. Crude-oil futures moved down 1.7% to $73.32 per barrel in electronic trading on Globex. The dollar index (DXY) gained about 0.72% to 82.65. Read more from Benzinga's Markets.