Stock market today: Asian markets, oil lower as recession fears, debt ceiling darken outlook

Asian shares are mostly lower though Tokyo's benchmark has gained after a decline Friday on Wall Street driven by renewed worries over a possible recession. U.S. futures and oil prices also fell. This week will bring major updates on the Chinese and Japanese economies. The S&P 500 lost 0.2% Friday while the Dow ended barely lower. The Nasdaq gave up 0.4%. A preliminary survey said consumer confidence in the economy is tumbling. Treasury yields rose because indicators also suggested the Federal Reserve may need to keep interest rates high to undercut rising expectations for inflation. Worries persist about a possible default on the U.S. government's debt.