US stock futures fall before Goldman, BofA results

* U.S. stock index futures pointed to a weaker start for
Wall Street on Tuesday after iPad maker Apple (AAPL.O: ) reported
fiscal fourth-quarter sales of the gadget and gross margins,
which came in below expectations, and issued a conservative
outlook for the current quarter. [ID:nN18288374]

* By 0836 GMT, the S&P 500 futures (SPc1: ) were down 0.3
percent, the Nasdaq futures (NDc1: ) dropped 1.1 percent and the
Dow Jones futures (DJc1: ) dipped 0.1 percent.

* Apple shares in Frankfurt (AAPL.F: ) eased 4 percent, while
IBM (IBM.N: ) shares in Frankfurt (IBM.F: ) slipped 2 percent after
it won fewer technology services deals than expected in the
third quqarter, although it announced stronger profits and
raised its full-year outlook. [ID:nN18152165]

* All eyes remained on corporate earnings, with results from
Goldman Sachs (GS.N: ), Bank of America (BAC.N: ), Yahoo (YHOO.O: ),
Coco-Cola Co (KO.N: ), Johnson & Johnson (JNJ.N: ), BNY Mellon
(BK.N: ) and State Street Corp (STT.N: ).

* Wall Street has priced in a profit of $2.28 per share for
Goldman Sachs, nearly half the $5.25 it earned a year ago.

* Bank of America is expected to post its third quarterly
profit on improving credit conditions and likely larger
loan-loss reserve releases. The lender is expected to miss
analyst profit estimates of 16 cents per share, in part due to a
$7 billion to $10 billion goodwill write-down for its card
businesses.

* U.S. Treasury Secretary Timonthy Geithner vowed on Monday
that the United States would not devalue the dollar for export
advantage, saying no country could weaken its currency to gain
economic health. [ID:nLDE69I00W]

* The Microsoft (MSFT.O: ) executive who took over the role of
chief software architect from Bill Gates is to step down,
following a tenure in which the Windows-maker lost ground to
Google and Apple. [ID:nN18289054]

* Google (GOOG.O: ) said its termination of contracts with
seven large Chinese advertising resellers goes into effect on
Oct. 27, a development analysts say benefits China’s leading
search engine Baidu (BIDU.O: ). [ID:nTOE69I053]

* A number of Federal Reserve officials will be speaking on
Tuesday, including Chairman Ben Bernanke at 2000 GMT, Fed New
York President William Dudley at 1330 GMT and Fed Dallas
President Richard Fisher at 1650 GMT.

* The Commerce Department releases housing starts and
permits for September at 1230 GMT. Economists in a Reuters
survey forecast a 580,000 annualised rate versus 598,000 in
August, and a total of 580,000 permits in September compared
with 571,000 in the prior month.

* On Tuesday, the pan-European FTSEurofirst 300 (.FTEU3: )
added 0.1 percent and Japan’s Nikkei average (.N225: ) put on 0.4
percent, while oil prices (CLc1: ) slipped 0.4 percent.

* U.S. stocks (Read more about the stock market today. ) advanced on Monday as stronger-than-expected
profit from Citigroup (C.N: ) helped financial shares shake off
worries that the foreclosure mess could threaten the stability
of the housing market.

* The Dow Jones industrial average (.DJI: ) rose 80.91 points,
or 0.73 percent, at 11,143.69. The Standard & Poor’s 500 (.SPX: )
gained 8.52 points, or 0.72 percent, at 1,184.71. The Nasdaq
Composite Index (.IXIC: ) added 11.89 points, or 0.48 percent, at
2,480.66.
(Reporting by Dominic Lau; Editing by Mike Nesbit)

US stock futures fall before Goldman, BofA results