Stocks Set To Open Lower

Markets are set to open lower after Monday saw stocks bounce back after their worst week in two years.

Dow futures are down 58 points, S&P 500 futures are down 9 points, and Nasdaq futures are down 16 points.

On the economic calendar, we have Markit's PMI report scheduled for 9:45 am ET, as well as factory orders and ISM's non-manufacturing PMI at 10:00 am ET.

Target shares are down more than 4% after the company slashed its earnings outlook and said costs related to its data breach would come in more than expected.

Shares of Coach are up better than 4% after the luxury accessories maker reported earnings and sales that beat expectations.

Gannett announced plans to split into two companies, separating its publishing business form its broadcasting and digital operations. The company also said it would acquire full ownership of Cars.com for $1.8 billion. In pre-market trade, shares of Gannett were up more than 6%.