U.S. stocks headed for a lower open on Monday as a delay in the announcement of the Obama administration's bank rescue plan disappointed investors and another wave of poor earnings showed more economic upheaval. Adding to the cautionary tone were indications that an $827 billion U.S. economic stimulus package could face another day of political wrangling before a Senate vote on the measure on Tuesday. The stimulus and bank rescue plan are a make-or-break for stock investors searching for catalysts to sustain the market's attempt to recover since stocks hit a bear market low in November. "Investors are excited about the bank rescue proposal but are mildly disappointed that it's not happening today," said Arthur Hogan, chief market analyst at Jefferies & Co in Boston. "Had we had passage of the stimulus last week, which some people thought we might, we would have been having the bank plan announced today." Companies posting poor earnings before the bell included appliance maker Whirlpool Corp (WHR.N) , toymaker Hasbro Inc (HAS.N) and trans-Atlantic exchange operator NYSE Euronext (NYX.PA)(NYX.N). But McDonald's (MCD.N) posted a jump in January sales from restaurants open at least 13 months. S&P 500 futures SPc1 fell 5.90 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures DJc1 fell 48 points, and Nasdaq 100 NDc1 futures declined 6 points. Treasury Secretary Timothy Geithner, who was originally expected to outline the bank bailout plan on Monday, will now do so in a speech at 11 a.m. EST (1600 GMT) on Tuesday, the Treasury Department said. He postponed the announcement of the plan, which will seek to shore up some of the biggest commercial banks in the United States, to enable lawmakers in Congress to focus on the stimulus package on Monday, the Treasury said. Optimism about the bank rescue helped spur a rally on Wall Street on Friday as investors defied data that showed non-farm payrolls suffered their biggest cut in 34 years in January. Shares in major U.S. banks such as Bank of America (BAC.N) and Citigroup (C.N) have been volatile in recent weeks on speculation about the contents of the financial rescue plan and whether it would successfully remove the overhang of toxic assets that is forcing banks to take huge losses. On the stimulus front, squabbling will resume on Monday when the Democratic-led Senate, with the help of just a few Republicans, votes to end debate on the package and clear the way for passage of the measure on Tuesday. Negotiators will then seek to resolve differences between the Senate bill and an $819 billion version of the measure earlier passed by the House of Representatives. In earnings news, Hasbro Inc (HAS.N) , a toy maker, posted quarterly profit that missed Wall Street's forecasts, offering yet another sign of consumer cutbacks as the recession deepens. For details, see [ID:nN09504493] Profit at Trans-Atlantic exchange operator NYSE Euronext (NYX.PA)(NYX.N) also missed analysts' estimates. Appliance maker Whirlpool said quarterly profit slid 76 percent, sparking a drop of 7 percent to $33.83 in the stock before the bell.

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