This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Market Hustle: Futures Fall Amid Soft Corporate Results

Stocks in this article: ^DJI ^GSPC ^IXIC MA MAT WMT CVX AMZN

NEW YORK (TheStreet) -- U.S. stock futures were weak Friday, with the S&P 500 poised for its worst decline since August when the benchmark index fell 3.3%. The index is now down 2.9% in January.

This, as shares of (AMZN), Wal-Mart (WMT), MasterCard (MA), Mattel (MAT) and Chevron (CVX) all declined after their quarterly results and as European market slumped.

  • S&P 500 futures were down 16 points, or 23.19 points below fair value, to 1,765.25. Dow Jones Industrial Average futures were plummeting 156 points, or 205.61 points below fair value, to 15,577. Futures for the Nasdaq were down 16.2 points, or 39.26 points below fair value, to 3,485.8.

  • was plunging 8.19% to $370.04 in premarket trading Friday after the online retailer's fourth-quarter earnings and revenue missed Wall Street estimates.

  • Wal-Mart was down 0.94% to $74.05 after cutting its fourth-quarter outlook.

  • MasterCard was tumbling 5.67% to $75 after missing fourth-quarter earnings per share estimates by three cents at 57 cents a share upon higher expenses.

  • Mattel was dropping 8.51% to $39.35 after missing quarterly expectations by 13 cents at $1.07 a share.

  • Chevron was falling 0.73% to $115.60 after posting earnings per share in line with estimates on worse than expected revenue.

  • The FTSE 100 was down 1.5% and the DAX in Germany was retreating 1.91% as shares of European companies tumbled following their earnings releases. Furthermore, data showed a cooling of the eurozone inflation rate to a record low in January and a still high jobless rate for the region in December. International markets were also under pressure from lingering emerging market concerns.

  • December personal income came in flat, or less than expected. Personal spending rose more than forecast by 0.4%. The fourth-quarter employment cost index rose more than estimate by 0.5%. The data didn't have much of an impact on stock futures.

  • The January Chicago Purchasing Managers Index will arrive at 9:45 a.m., followed by the final University of Michigan consumer sentiment index at 9:55 a.m.

-- Written by Andrea Tse in New York.

Follow @atwtse

>Contact by Email.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs