$SPY,...Stock futures slip; oil continues slide
U.S. stock index futures are all lower by about 0.1% amid a gusher of quarterly earnings reports, but the biggest story may be the continuing fall in the price of oil, with WTI crude down another 2% this morning to $76.74 per barrel.
Alongside the fall in crude are consumer tax breaks in the form of declines in gasoline and heating oil, with heating oil - as we enter the heating season - breaking through to its cheapest level since the winter of 2010.
Europe is moderately lower, and the Nikkei - following Monday's vacation - resumed its moonshot overnight, gaining 2.7% on top of Friday's 4%+ advance.
The 10-year Treasury yield is down one basis point to 2.33% and gold is up $2 per ounce to $1,172.