US Stock Futures Signal Lower Start On Wall Street

US stock futures are lower this morning, after House Republican leaders cancelled a tax vote. Futures for the Dow Jones Industrial Average dropped 196 points to 13,071.00 and S&P 500 index futures fell 22.90 points to 1,417.70. Nasdaq 100 futures tumbled 40.25 points to 2,649.75. US stocks closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.45% to 13,311.72, the S&P 500 index rising 0.55% to 1,443.69 and the Nasdaq 100 index surging 0.20% to 3,050.39. Data on durable goods orders for November and personal income and spending for November will be released at 8:30 a.m. ET. The Reuter's/University of Michigan's consumer sentiment index for December will be released at 9:55 a.m. ET. Walgreen Co

is projected to report its Q1 earnings at $0.70 per share on revenue of $17.45 billion. Research In Motion

reported a narrower-than-expected third-quarter loss. However, the company reported a drop in its subscriber base. Red Hat

posted better-than-expected third-quarter revenue and announced its plans to buy privately held ManageIQ for $104 million in cash. Nike

reported upbeat second-quarter net income. Micron Technology

posted a lower fiscal first-quarter revenue. European markets were lower today. The STOXX Europe 600 Index fell 0.83%, London's FTSE 100 Index dropped 0.95%, French CAC 40 Index declined 0.68% and German DAX 30 index fell 0.94%. Asian markets ended lower, with Japan's Nikkei Stock Average falling 0.99%, China's Shanghai Composite dropping 0.69% and Australia's S&P/ASX 200 falling 0.25%. Hong Kong's Hang Seng Index declined 0.68% and India's Sensex dropped 1.09%.