Stocks are indicated lower as commodities fall and investors digest less-than-stellar news from Intel and Bank of America.
S&P 500 futures are down by about three-quarters of a percent, while the Nasdaq 100 is indicated to decline by a full percentage point after INTC warned that a shrinking PC market will cause revenue to fall in the second quarter. Internet giant Yahoo also disappointed.
European markets are down by more than a full percentage point, marking their fourth straight session in the red, as weak data from Germany and China fuel worries about the global economy. Asian bourses were mixed overnight.
— Option Monster