What bad news did you want first? Expect the Dow index to give up the week's remaining gains today -- stock futures indicate Thursday's 387-point plummet isn't finished.

Goldman Sachs (NYSE: GS) fell overseas on reports that its North American Equity Opportunities fund has dropped more than 15 percent this year, compounding worries about GS' Global Alpha fund.

The Wall Street Journal reports that SEC regulators are reviewing the books at Goldman Sachs, Merrill Lynch (NYSE: MER) and other top brokerage firms and banks, digging for unreported losses stemming from the subprime mortgage meltdown.

The Federal Reserve and its European and Japanese counterparts all injected huge sums into their financial systems Thursday and Friday in response to the ongoing credit turmoil.

Companies reporting earnings Friday include satellite television provider EchoStar Communications (NASDAQ: DISH) and contact lens maker Bausch & Lomb (NYSE: BOL).

Japan's Nikkei average led the losses overseas, dropping 2.4%, its steepest loss since mid-March. The Dow's setback echoed throughout Europe, sending the French CAC 2% lower, London's FTSE 1.9% lower, and Germany's DAX down 1.6%.

Corporate news

Speculation that Barclays Plc (NYSE: BCS) will back out of the unprecedented banking takeover of ABN Amro Holding NV (NYSE: ABN) sent ABN shares down 4.8% overseas.

Following the Dow's steepest one-day climb in four years, stock futures were flat Tuesday ahead of the Federal Reserve's 2:15 p.m. decision on interest rates. The Fed is expected to maintain its benchmark federal funds rate at 5.25%.

Also Tuesday morning, the Labor Department will report on second-quarter productivity and costs; moderated labor costs and increased productivity are expected.

Companies reporting earnings today include Cisco Systems (NASDAQ: CSCO), TXU Corp. (NYSE: TXU), and Harrah's Entertainment (NYSE: HET). Cisco is expected to match earnings estimates of 35 cents a share.

Overseas, the Nikkei eked out a 0.04% rise to close at 16,921.77, while the FTSE 100 rallied following Wall Street's gains Monday.

Companies reporting earnings Monday include Conseco (NYSE: CNO), EMC Corporation (NYSE: EMC) and Spectra Energy (NYSE: SE).

Stocks slipped in Europe and Japan, with the Nikkei falling 0.4 percent to 16,914.46. The dollar declined against the euro and fell 0.2% against the yen.

Traders await Tuesday's rate decision from the Federal Reserve. The Fed is expected to maintain rates at 5.25%.

Corporate news

Bear Stearns Cos. (NYSE: BSR) has ousted co-president Warren Spector, holding him responsible for two slumping hedge funds that touched off the recent decline in credit markets.

Broker UBS upgraded Merrill Lynch (NYSE: MER) to "buy."

Pharmaceutical firm Merck (NYSE: MRK) is feeling pressure as a British probe into an outbreak of foot and mouth disease has led authorities to seal off a lab co-owned by Merck and French counterpart Sanofi-Aventis SA.

Stock futures held mostly flat Friday, following the Dow's record close yesterday at 13,861.73, a gain of 283.86, its biggest point rise in five years.

Dow component General Electric (NYSE: GE) will release its second-quarter results Friday, one day after abandoning a deal to buy Abbott Laboratories (NYSE: ABT) diagnostics business. Also yesterday, GE announced plans to sell off its subprime lender WMC Mortgage, responding to broad defaults. GE is forecast to report earnings of 52 cents.

UPDATE: General Electric reported earnings of 53 cents per share on net income of $5.4 billion in the second quarter, up 10% from 48 cents last quarter, in line with analysts' expectations. GE posted a 12% rise in revenue and revealed that it's leaving the U.S. subprime mortgage business altogether.

The Commerce Department will issue reports this morning on June retail sales (8:30 a.m.) and May business inventories (10 a.m.). Retail sales are expected to have declined, following great gains in May and lower demand for automobiles and home supplies.

UPDATE: Commerce reported 0.9% lower retail sales in June, the steepest slide in nearly two years.

The Dow's fortunes were echoed in markets worldwide. Markets climbed throughout Europe, with Germany's DAX posting a new high. Asian markets rose as well, as the Nikkei hit a six-week high.

Corporate news

The Dutch Supreme Court on Friday reversed a ruling that had snared the sale of Chicago-based LaSalle Bank to Bank of America (NYSE: BAC). A lower court had ruled shareholders should have had a say in ABN Amro (NYSE: ABN)'s $21 billion sale of LaSalle.

Shares of Alcoa (NYSE: AA) rose overseas after it dropped its hostile $28 billion bid for Canadian rival Alcan (NYSE: AL) after Rio Tinto (NYSE: RTP) raised the Pittsburgh aluminum maker's bid for Alcan by $10 billion.

Amgen Inc. (NASDAQ: AMGN) shares were boosted abroad when its board authorized a stock buyback of up to $5 billion in shares.