Before the bell: Getting ready for another down day

Published: October 22, 2007, 3:39 am

Tags: aapl, axp, bsc, featured, gm, gs, mrk, sgp, tm, txn, wmt

Filed under: Before the bell, International markets, Earnings reports, Deals, Apple Inc (AAPL), Wal-Mart (WMT), General Motors (GM), Toyota Motor Corp. (TM), American Express (AXP), Goldman Sachs Group (GS), Merck and Co (MRK), Texas Instruments (TXN), Economic data, Bear Stearns Cos (BSC)Stock futures were lower this morning, pointing to a weak open on Wall Street, continuing Friday's sharp losses and today's global markets sell offs. The same concerns over the the credit and housing markets, which may further slow the economy and hence impact corporate profits have not eased as the U.S. dollar continued its slide. Lower oil prices may be the only brighter spot this morning, much as it is.Last Friday was the 20th anniversary of Black Monday and stocks sold off sharply. Several Dow companies like 3M Co. and Caterpillar Inc. as well as other blue chip companies reported disappointing results and earnings outlooks while Standard & Poor's downgraded more mortgage-backed securities.

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