U.S. stock futures finished the day mostly lower, as investors prepared for third-quarter corporate reports. Tomorrow, earnings season will unofficially begin, as Dow component Alcoa (AA) will step into the earnings confessional. The Dow Jones Industrial Average (DJIA 14,043.7) dropped slightly more than 22 points on the day. Losers outpaced gainers 24-to-6, with the largest losses coming from Boeing (BA) and Exxon Mobil (XOM). The largest gainers on the day were Caterpillar (CAT), Hewlett-Packard (HPQ), and IBM (IBM). While the Dow pulled back ahead of the unofficial start to earnings season, it found support from its 10-day moving average, which has ascended near 14,000.
The S&P 500 Index (SPX 1,552.58) shed slightly more than 5 points today, slipping 0.3%. While the SPX pulled back, it relied on the support of the 1,550 level. The sole index that marked a gain on the day was the Nasdaq Composite (COMP 2,787.4). The COMP added slightly more than 7 points on the day to finish a quarter-of-a-percent higher on the day.