By Chuck Mikolajczak
NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday after the S&P 500 suffered its worst weekly drop since May 2012 and the Dow moved into negative territory for the year on global growth concerns.
* The benchmark S&P index slumped 3.1 percent last week to sit right at the 200-day moving average support level and is now down 5.2 percent from its record high set on Sept. 18. The declines were sparked by a cut in the global growth forecast from the International Monetary Fund and disappointing economy data in Europe.
* A serious slowdown in the global economy could lead the U.S. Federal Reserve to delay an increase in interest rates if deemed serious enough, Fed officials said over the weekend.
* Earnings season will pick up steam this week, with results expected from Dow components including Intel , Johnson & Johnson , UnitedHealth , American Express and General Electric as well as financials Morgan Stanley , Citigroup , Bank of America and Wells Fargo .
* Canadian Pacific Railway Ltd has approached CSX Corp about merging the two North American railroad operators to create a transcontinental carrier worth more than billion, according to the Wall Street Journal. CSX shares jumped 8.6 percent in light premarket trading.
* NetScout Systems Inc said it would buy Danaher Corp s communications business in a stock deal valued at about .6 billion, to expand its IT management and cybersecurity businesses.
* European stocks paused following their steep three-week sell-off, with shares in airlines bouncing back as oil prices extended their slide on ample supply. [.EU]
* Asian stocks stumbled to seven-month lows as promising trade numbers out of China failed to allay the worries about faltering global growth.
Futures snapshot at 7:24:
* S&P 500 e-minis were up 4 points, or 0.21 percent, with 343,163 contracts changing hands.
* Nasdaq 100 e-minis were down 1.5 points, or 0.04 percent, in volume of 48,270 contracts.
* Dow e-minis 1YMc1 were up 22 points, or 0.13 percent, with 45,000 contracts changing hands.
(Reporting by Chuck Mikolajczak; Editing by Lisa Von Ahn)
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