By Barbara Kollmeyer, MarketWatch

Tesla, McDonald’s among stocks to watch

MADRID (MarketWatch)—Wall Street looked in no mood to celebrate the sixth anniversary of the bull market on Monday as stock futures fell on the heels of a sharp spiral south late last week.

Futures for the Dow Jones Industrial Average (DJH5) eased 17 points to 17,831, while those for the S&P 500 index (SPH5) dipped 3 points to 2,067.80. Futures for the Nasdaq-100 index (NDH5) fell 4.5 points to 4,400.50.

www.marketwatch.com/story/us-stocks-futures-waver-ahead-of-key-jobs-report-2015-03-06) after a stronger-than-expected jobs report triggered a rally for the U.S. dollar, pushed up 10-year U.S. Treasury yields and resurfaced speculation that the Federal Reserve could hike rates sooner rather than later. The index fell 1.4% to 2,071.26, losing over 1.6% for the week.

Monday marks the day six years ago — March 9, 2009 — the S&P 500 bottomed out during the financial crisis, closing at 676.53. The index has rallied more than 200% since then, and concerns remain that the market could be moving toward another bubble.

www.marketwatch.com/story/why-the-bull-market-is-ready-to-celebrate-its-7th-birthday-2015-03-06)

The good news is that the stock market’s reaction to Friday’s employment news reduces the risk of a melt-up in stocks, said Ed Yardeni, chief investment strategist at Yardeni Research, said in a note on Monday.

The market needs some time to let earnings catch up with stretched valuations. It also needs some time to get used to monetary normalization, which is now even more likely to start at the June 16-17 meeting of the FOMC, he wrote.

The dollar continued to gain against the euro (EURUSD) on Monday, as concerns over a Greece default resurfaced ahead of a key meeting of European finance ministers in Brussels.

www.marketwatch.com/story/euro-hovers-at-12-year-lows-as-greek-worries-heat-up-again-2015-03-09)

The data calendar is empty outside of a labor market conditions index at 10 a.m. Eastern Time. But several Federal Reserve officials will speak throughout Monday.

Minneapolis Fed President Narayana Kocherlakota will speak to bankers in his district on goal-based monetary policy at 1:05 p.m. Eastern. Cleveland Fed President Loretta Mester will speak on economic outlook and monetary policy before the National Association for Business Economics meeting in Washington at 2:25 p.m. Eastern.

Finally, retiring Dallas Fed President Richard Fisher will give a speech at Rice University reflecting on 10 years at the Fed at 7:30 p.m. Eastern.

Stocks to watch: McDonald’s Corp.(MCD) will release monthly sales ahead of the market’s open on Monday, while Urban Outfitters Inc.(URBN) reports after the close.

www.marketwatch.com/story/tesla-to-cut-jobs-in-china-2015-03-09).

www.marketwatch.com/story/will-2015-be-apples-blue-chip-debut-2014-12-15).

www.marketwatch.com/story/6-things-to-know-about-apple-watch-ahead-of-march-9-2015-02-27)

Other markets: Monday marks the start of the European Central Bank’s quantitative easing program.

www.marketwatch.com/story/7-things-to-know-about-the-ecbs-qe-game-plan-2015-03-06)

The Stoxx Europe 600 index was under pressure, as Greek Finance Minister Yanis Varoufakis told Italian newspaper Corriere della Sera that the country could hold a referendum if creditors raise requests that aren’t acceptable to the government. The situation is expected to come under discussion at a meeting of European finance ministers on Monday.

www.marketwatch.com/story/why-the-bull-market-is-ready-to-celebrate-its-7th-birthday-2015-03-06)

www.marketwatch.com/story/the-stocks-to-buy-as-ecb-kicks-off-qe-socgen-2015-03-05)

Japan stocks fell the most in a month on Monday, after revised figures showed the nation’s economy grew slower than previously estimated in the fourth quarter of last year.

www.marketwatch.com/story/oil-lower-as-a-new-week-of-trading-kicks-off-2015-03-09)(CLJ5) moved lower on Monday, while gold (GCJ5) headed higher.

-Barbara Kollmeyer; 415-439-6400; AskNewswires@dowjones.com

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(END) Dow Jones Newswires

03-09-15 0609ET