U.S. stock futures dropped following declines in Asian and European markets, with aluminum giant Alcoa Inc. set to kick off the fourth-quarter earnings season after the close of trading Monday.

Futures on the Dow Jones Industrial Average fell 40 points to 11579 and S&P 500 index futures slipped 5.90 points to 1261.60. Nasdaq 100 futures dropped 9.25 points to 2263.75.

The blue-chip Dow index gained 0.8% last week, finishing higher for a sixth straight week.

Most European and Asian stock markets posted losses on Monday, souring sentiment ahead of the Wall Street open.