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The Wall Street Journal Markets Alert


U.S. Stock Futures Plummet on Weak Orders, Earnings

U.S. stock futures fell sharply Tuesday, dragged down by disappointing quarterly results from several blue-chip companies, including Microsoft Corp. and Procter & Gamble Co. The decline steepened after orders for long-lasting manufactured goods dropped in December.

Dow Jones Industrial Average futures dropped 290 points, or 1.7%, to 17324. S&P 500 futures declined 25 points, or 1.2%, to 2029, and Nasdaq-100 futures fell 62 points, or 1.4%, to 4208. Changes in stock futures don't always accurately predict moves in the stock market after the opening bell.

Several blue-chip companies offered weak outlooks due to the strength of the U.S. dollar.

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