8:24AM: S&P futures vs fair value: -9.8. Nasdaq futures vs fair value: -16.0. The market averages are poised for a weaker start to the day with JPM and ORCL grabbing the headlines. Overseas market are firmly lower, the dollar is on the defensive while oil prices are on the mend after OPEC agreed to leave quotas unchanged.
7:35AM: S&P futures vs fair value: -8.6. Nasdaq futures vs fair value: -13.0. JPM earnings warning is weighing on U.S. equity futures. Expect banking sector peers (such as Citigroup) to be walked down in sympathy... ORCL post-earnings comments suggest that software leader continues to face poor visibility, causing stock to slump 7% in after hours... Trade balance and CPI data due out at 08:30.
6:56AM: S&P futures vs fair value: -8.8. Nasdaq futures vs fair value: -10.0.
