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Futures Show Weakness After Dow Again Fails to Close Above 8K

Stocks could come under a little pressure this morning.

Toward their New York close yesterday, the

S&P 500

futures started to lose some of their momentum as the

Dow

once again displayed an inability to close above 8000. Now futures have headed a little lower. That could mean a bit of a sloppy open for stocks. As of 8:10 a.m., the futures are down 1.65, slightly below fair value. The 30-year Treasury bond is down 2/32 at 100 6/32, pushing the yield to 6.36%.

Micron Technology

(MU) - Get Micron Technology, Inc. Report

is under pressure this morning after reporting disappointing earnings after the close -- though not enough for whoever bought those October 35 puts yesterday to be in the money yet. Micron is trading at 38 on

Reuters Instinet

, down 2 1/2 from the close.

Delta Air Lines

(SYMBOL)

also looks lower on its announcement last night that fiscal first-quarter earnings will fall short of both consensus estimates and the year-ago figure.

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First Call

consensus estimates called for $3.14 per share versus the year ago's $2.98.

London gold stocks are down in reaction to an article in today's

Financial Times

that says more than half the world's gold mines may be unprofitable.

Nike

(NKE) - Get NIKE, Inc. Class B Report

COO Tom Clarke said last night that he is comfortable with analysts estimates for the company to earn $2.80 over this year.

Unisys

(UIS) - Get Unisys Corporation Report

has chosen former

Andersen Worldwide

CEO Lawrence Weinbach as its new CEO, according to

The Wall Street Journal

.

Japanese traders got the day off -- the Tokyo Stock Exchange was closed for the Autumnal equinox.

After a day of choppy trade, Hong Kong stocks saw little change. The

Hang Seng

eased 13.70 to close at 14,094.38.

German stocks spent the day tracking the dollar. Which is to say that they rose. The

Dax

closed at 4098.20, up 9.28.

British stocks are trading lower, with some investors taking some profits off the table, and other nervous about making the run to 5100. The

FTSE

is down 36.10 at 5039.60.