Stocks Point To Lower Open

9:15 a.m. Update: The major indexes were poised for a pullback Monday following last week's big gains.
Nasdaq, S&P 500 and Dow industrials futures were all trading lower ahead of the start of the session. Last week, the benchmark S&P 500 soared 5.9%.
Banking stocks are coming off an even bigger gain, following upbeat news on the government's stress tests. The tests were not as dire as many feared, with most of the banks tested ordered to raise less capital than originally expected.
Wells Fargo (WFC) and Morgan Stanley (MS) have already raised $11.5 billion, after the two banks combined to sell that much stock on Friday. Three other banks announced stock offerings for the same purpose.
Federal Reserve Chairman Ben Bernanke is slated to discuss the results of the stress tests tonight at 7:30 p.m. EDT.
Meanwhile, economic reports on tap for this week include the April retail sales report, due out Wednesday. It's expected to show a modest bounce in retail sales.
An industrial production report, due out Friday, is expected to show a slowing rate of contraction. CPI and consumer confidence reports also are due out Friday.
Key earnings reports on tap this week include bellwether retailer Wal-Mart Stores (WMT) and department store chain Macy's (M).
In foreign markets, Japan's Nikkei stock average edged up 0.2% Monday. In afternoon trading, Britain's FTSE 100 and Germany's DAX index both slid 0.6%, while France's CAC-40 dropped 1.5%.
In Treasury news, the yield on the benchmark 10-year note slipped to 3.24% from 3.29% late Friday.