Stocks to open lower as oil prices drop, GM's bankruptcy approved

U.S. stocks were set for a lower open Monday morning as investors returned from the long holiday weekend. Following last week's employment report, the hopes for a quick economic recovery waned and oil prices dropped, adding to pressure on stocks.

This week, other than the economy, investors will also turn their attention to earnings as the second quarter earnings seasson begins. Meanwhile, today, the headlines have more auto news as the General Motors' bankruptcy plan received a federal judge's approval.

More here: Before the bell: Futures decline as oil falls sharply; GM's bankruptcy plan approved