Stocks were looking to continue their struggles this morning as futures were suggesting a slightly bearish opening.

After yesterday's

dismal afternoon, in which stocks slumped across the board, there was little news this morning to sway sentiment one way or the other.

Brocade

(BRCD)

came out last night with better-than-expected

earnings, but also said it expects its second-quarter growth to be very modest. The stock lately was off 19.4% to $36 in light volume on

Instinet

.

The news hurt software maker

EMC

(EMC)

, which lately was down $2.56, or 6%, to $40.39 on

Instinet

.

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Early on, futures were indicating a flat to negative opening. The

S&P 500 futures on

Globex

lately were off 0.1 to 1256, about 2 points below fair value as calculated by

Prudential Securities

. The thinly traded

Nasdaq 100

futures were down 24 to 2047, or about 18 points below fair value as calculated by

TheStreet.com

.

Europe's major indices were lower at midsession, with much of the drag coming from mobile phone makers

Nokia

(NOK) - Get Report

and

Ericsson

(ERICY)

. France's

CAC-40

was down 0.6%, Germany's

Xetra Dax

was falling 1.2% and the U.K.'s

FTSE 100

was off 0.2%. Asian markets fared no better, ending the day with Japan's

Nikkei 225

losing 0.2% overnight, and Hong Kong's

Hang Seng

dropping 1.7%.

For more on the world stock markets, check out

TheStreet.com's

global indices information.

For Wednesday's postclose trading, see The Night Watch.