S&P called higher but Morgan Stanley sees more pain ahead

7:00am: Futures indicate a bright start on Wall Street US stock futures pointed upwards on Monday ahead of a busy week of earnings, the Federal Reserve’s rate call, plus a raft of data on the data, culminating in the jobs report on Friday. In pre-market trading, futures for the Dow Jones Industrial Average were 0.5% higher, while those for the S&P 500 were up 0.6%, and contracts…