Futures fall further after Bank of America results
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S&P 500 stock index futures fell back to near session lows on Tuesday after disappointing earnings from Bank of America and Wachovia Corp added to recession fears.
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US stock-index futures dropped after Coca-Cola Co., Xilinx Inc., and Tribune Co. said sales or earnings will miss forecasts. ``Profits and outlooks are falling short and that will disappoint
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Stock index futures fell before the start of Wall Street trading on Monday with eyes on the Federal Reserve's first Term Auction Facility (TAF), a money market operation intended to ease the credit crunch.
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Stock index futures fell on Tuesday, suggesting a lower start for Wall Street, after Citigroup Inc  reported a wider-than-expected quarterly loss.
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Stock futures fell on Friday, as bond  yields rose and lingering credit worries looked set to drag on  financial stocks.
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Bank of America missed analystsâ earnings expectations and provided investors with more evidence of how the mortgage and credit crisis has affected the economy.
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Financial companies led Wall Street lower on Thursday after a sharp drop in Bank of America Corp's  earnings stoked worries about the extent the credit crunch has hurt the economy and profits.
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Stock index futures fell on Monday  following declines in overseas markets as concern about a U.S.  recession hurting the global economy lingered.
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U.S. stock futures fell on Tuesday as rising bond yields stoked concerns about higher interest rates, while a disappointing outlook from Texas Instruments Inc. soured prospects for the tech sector.
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Bank of America Corp, the second-largest U.S. bank, said on Tuesday fourth-quarter profit sank 95 percent, hurt by more than $7 billion of losses tied to poor trading decisions and mounting credit woes.
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Stocks fell on Thursday, hit by losses in financial companies after Bank of America Corp  reported a sharp drop in earnings, stoking concern the credit crunch was dragging on profits and the economy.
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Stock futures slipped on Monday as caution before a report expected to show more weakness in housing overshadowed news of the latest takeover activity.
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Stock futures fell on Wednesday,  pointing to a lower market open, as weaker-than-expected  earnings from J.P. Morgan Chase & Co. JPM.N, the second  largest U.S. bank, and an investigation into the insurance  industry soured Wall Street's mood.
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Stock index futures were near session  lows on Thursday after Lehman Brothers  reported  quarterly results that did not ease concerns about the impact  of the credit crisis on the financial sector.
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Bank of America Corp  said on Thursday that quarterly profit fell a much larger-than-expected 32 percent, hurt by mounting credit losses and poor trading results in its investment banking unit.
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Countrywide Financial Corp   shares on Thursday fell below the $18 price at which Bank of  America Corp  may convert its $2 billion investment into  common stock.
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Stock index futures fell on Tuesday,  suggesting a lower start for Wall Street, after Citigroup Inc   reported a wider-than-expected quarterly loss.