Wall Street stock index futures point to falls

NEW YORK (Reuters) - Stock index futures pointed to a lower open for Wall Street on Monday, with futures for the S&P 500, Dow Jones futures and Nasdaq futures down 1 to 1.1 percent by 5:20 a.m. EDT.

Concerns lingered over possible debt restructuring in Greece and contagion for other euro zone countries after Fitch downgraded Greece's debt ratings on Friday and S&P cut the credit outlook for Italy to negative on Saturday.

Adding to the worries, Spain's ruling Socialists, reeling from losses in local elections, now face a balancing act between voter anger over sky-high unemployment and investor demands for strict austerity measures.

Commodity prices were pressured by a broad rise in the dollar, as appetite for riskier assets eased across the board.

On the economic front, the Chicago Fed national activity index for April is due at 8:30 a.m. EDT.

Campbell Soup will release third-quarter results that are expected to show earnings per share (EPS) at $0.52 against $0.54 a year ago.

U.S. stocks fell on Friday on euro-zone debt worries, with retailers losing ground after a weak profit outlook from Gap.

U.S. retailer Wal-Mart Stores is setting up a team in London to drive expansion into Europe, The Independent on Sunday newspaper reported.

Foxconn Technology Co Ltd <2354.TW> on Sunday confirmed that a third person has died following a large explosion at a plant in southwestern China on Friday that local media have linked to production of Apple's iPad 2.

In Europe, the pan-European FTSEurofirst 300 <.FTEU3> index of top shares was down 1.5 percent at 1,118.66 points in early trade.

(Reporting by Harpreet Bhal; Editing by Will Waterman)