US Stock Futures Signal Lower Start On Wall Street

US stock futures traded lower in early pre-market trade. Goldman Sachs Group

and Google

are expected to post quarterly earnings today. Data on weekly jobless claims will be released at 8:30 a.m. ET, while industrial production data for September will be released at 9:15 a.m. ET. The general conditions index of the Philadelphia Fed's Survey for October and the NAHB housing market index for October will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average tumbled 178 points to 15,829.00, while the Standard & Poor's 500 index futures fell 24.40 points to 1,822.30. Futures for the Nasdaq 100 index dropped 55.25 points to 3,696.75.

European markets were lower today, with the Spanish Ibex Index falling 3.54%, STOXX Europe 600 Index dropping 2.09%. German DAX 30 index declined 1.97%, French CAC 40 Index fell 2.43% and London's FTSE 100 Index dropped 1.87%. In Asian markets, Japan's Nikkei Stock Average tumbled 2.22%, Hong Kong's Hang Seng Index fell 1.03%, China's Shanghai Composite Index dropped 0.72% and India's BSE Sensex declined 1.33%.

Analysts at FBR Capital upgraded Bank of America

from Market Perform to Outperform and raised the price target from $18.00 to $20.00. Bank of America's shares fell 2.09% to $15.43 in pre-market trading.