US Stock Futures Point To Weak Markets Today

US stock futures fell today after results of IBM IBM and Texas Instruments TXN fell short of expectations. While futures on the Down Jones industrial average fell 70 points to 9990, those on the S&P 500 lost 8.3 points to 1055.5. Meanwhile, Nasdaq 100 futures slipped 14.75 points to 1790.75. Andre Bakhos, director of market analytics at Lek Securities in New York, said, "Wall Street is being very critical as companies are falling short on revenue, but delivering on the bottom line." Investors are bracing for another barrage of earnings today, with Pepsico PEP, Harley-Davidson HOG, Illinois Tool Works ITW and UAL Corp UAUA already out with their quarterly results so far. Overseas, European markets have moved out and seem well on their way to break a four-session losing streak. Asian markets also ended higher as Chinese stocks surged ahead as traders continue to expect that Beijing will avoid implementing tightening measures. Read more from Benzinga's Markets.