US Stock Futures Dip As Traders Await Several Reports

US stock futures moved down today, as investors awaited several reports that could give some more hints about the position of American businesses. Futures on the Dow Jones Industrial Average fell 29 points to 10,480 and S&P 500 futures declined 3.20 points to 1,118. Nasdaq 100 futures sank 2 points to 1,938. US stocks closed slightly higher yesterday, with the blue-chip Dow industrials moving up 0.44%. FedEx Corp FDX has reported in-line earnings for the first quarter. Oracle Corp ORCL and Research in Motion Ltd RIMM are all set to report their quarterly results after the closing bell today. Investors are also awaiting the data on the August weekly jobless claims and producer prices, due at 8:30 a.m. ET. The Philadelphia Fed index for September is scheduled at 10 a.m. Investors are also awaiting the Congressional testimony by Treasury Secretary Timothy Geithner, scheduled after market open. The central bank in India has raised the interest rates. As a result, the Asian markets closed lower, with China's Shanghai Composite index moving down about 2%. The Swiss National Bank is likely to keep its expansionary monetary policy and maintain the Libor rate in the target range, at about 0.25%. European stocks fell, with the Stoxx Europe 600 index losing about 0.48%. The unexpected 0.5% monthly fall in the UK retail sales sent the British pound as low as $1.5537. However, after some time, the currency rebounded to trade down 0.2% at $1.5600. Oil futures dropped $0.82 to $75.20 per barrel, while gold futures moved up $4.10 to $1,272.80 an ounce. Read more from Benzinga's Markets.