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U.S. Futures Weighed Down by Gloomy Earnings Reports

Stock quotes in this article: AAPL , YHOO , BHI , BA , NOC , T , MCD  

Premarket futures were suggesting a lower open for stocks in New York Wednesday, as corporate earnings again took center stage and concerns of a global slowdown increased.

Futures for the S&P 500 were down 19 points at 939 and were 15 points short of fair value. Nasdaq futures were 17 points lower at 1276 and were 12 below fair value.

On Tuesday, stocks sold off sharply into the close as traders took profits from Monday's rally and sorted through gloomy earnings statements from a wide variety of firms. ...

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