Stock futures point to a continued pullback from last week's records

The Dow's hold on 17,000 looks shaky, as stock futures point to a continued retreat from last week's record highs ahead of the start of earnings season, when Alcoa reports after the market closes today; S&P, Dow and Nasdaq all -0.2%.

The weakness in futures coincides with losses in the major European indexes following the U.K.'s largest month-over-month drop in Industrial production (-0.7%) since Jan. 2013; yesterday, Germany reported a disappointing industrial production reading (-1.8% vs. expected 0.2%).

Treasury prices have been climbing steadily as stock futures slip, with the benchmark 10-year note higher by 9 ticks and its yield down 3 bps at 2.58%.

Still ahead: job openings, consumer credit.

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