US futures tumble on weak corporate earnings

NEW YORK (AP) ? Stock futures are falling, extending a sell-off from the day before, on weak corporate earnings.

Dow Jones industrial futures are down 139 points to 13,153. The broader S&P futures have given up 16.40 points to 1,413.70. Nasdaq futures are down 27 points to 2,660.75.

DuPont says it will cut 1,500 jobs as profits fell sharply this quarter and the company cut its earnings expectations for the year. Profits for UPS fell on slowing global trade and 3M Co. is reducing its profit expectations for the year due to "current economic realities."

Facebook and Netflix will post earnings after the bell Tuesday with investors in the tech sector already spooked by earnings last week from Google. Google suffered the biggest single day share sell-off since 2008 after revenue fell short.

Source: http://news.yahoo.com/us-futures-tumble-weak-corporate-earnings-122850485--business.html

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