US Stock Futures Fall As Investor Sentiment Sours

US stock futures fell today after the rally in the previous session. Investor sentiment took a hit after some key firms reported disappointing earnings reports. While futures on the Dow Jones Industrial Average slipped 23 points to 10594, those on the S&P 500 lost 2.50 points to 1119.30. Meanwhile, Nasdaq 100 futures fell 1 point to 1893.20. Investors are awaiting data on pending home sales and factory orders, both for the month of June. While pending home sales are expected to rise 0.6%, as compared to a 30% fall seen the month before, factory orders may have slipped 0.5%, as compared to a decline of 1.4% in the previous month. On the corporate front, companies that will hog the limelight today include Procter & Gamble Co PG, Dow Chemical Co DOW, Research In Motion Ltd RIMM and Pfizer Inc PFE. PG fell 2.5% in premarket trading after it reported a decline of 12% to $2.19 billion, or $0.71 a share, for the fourth quarter. DOW has also lost 3.6% in premarket, as its quarterly profit missed the estimates. Meanwhile, PFE gained 2.4% in premarket trading after the company’s results for Q2 beat the Street view. RIMM is likely to disclose its answer to Apple Inc's AAPL iPhone in the later half of the day today. The German premium-car maker BMW AG rallied 4.1% in Frankfurt after the company reported that its second-quarter profit surged, following a 13% jump in its vehicle sales. Although most Asian shares finished up today, China's Shanghai Composite index fell 1.7%. Read more from Benzinga's Markets.