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NEW YORK (AP) _ Stocks sit poised to open lower Monday, retreating from Friday's shortened version of a rally.

``It's only normal,'' said Peter Cardillo, chief strategist at Global Partners Securities Inc.

In Friday's session, shortened because of the Independence Day holiday, the Dow Jones industrial average closed up 324.53 points, or 3.58 percent, at 9,379.50 and the Nasdaq Composite finished up 68.19, or 4.94 percent, at 1,448.36.

Additionally, Cardillo sees the news of Merck & Co.'s revenue recognition policy for its Medco pharmacy-benefits unit holding the market down.

Merck recorded $12.4 billion in revenue from the unit over the past three years that Medco never collected, The Wall Street Journal reported. However, the company's policy conforms to generally accepted accounting principals.

In overseas trading, the Hong Kong's Hang Seng Index ended down 2.71 points, or 0.03 percent, at 10,803.45, while the Nikkei 225-stock average in Tokyo fell 56.89 points, or 0.5 percent, to 10,769.20 after a 193.28-point rise Friday.

The Dow Jones Indicative Average, which indicates actual trades of the industrial average's 30 components overseas, traded down 65.4 points at 9312.21.

London's FTSE-100 was off 1 percent at 4,566.9 points, Paris' CAC-40 dropped 0.3 percent to 3,851.5 and Frankfurt's Xetra Dax fell 1 percent to 4,437.2.

Futures were also in negative territory.

Dow futures recently traded down 68 points, the Nasdaq futures were off 11.5 points and the Standard & Poor's futures fell 5.6 points.

The market will also look to Alcoa Inc.'s second-quarter figures, expected Monday.