Stocks set to pull back
Futures decline after Texas Instruments issues weak outlook; AT&T, McDonald's on deck.
LONDON (CNNMoney.com) -- Stock futures fell early Tuesday as investors reacted to a bleak outlook from Texas Instruments and awaited earnings from a trio of Dow components.
At 4:34 a.m. ET, Nasdaq and S&P futures were lower and indicating losses at the market open.
Texas Instruments (TXN, Fortune 500) reported a jump in quarterly profit late Monday. But the chipmaker's outlook disappointed investors. Shares fell 2% in after-hours trading.
The cascade of earnings continues with AT&T (T, Fortune 500), DuPont (DD, Fortune 500) and McDonald's (MCD, Fortune 500) all due to report earnings before the opening bell. All three are components of the blue-chip Dow Jones industrial average.
Oil prices hit a fresh all-time high. Light, sweet crude for May delivery crossed $118 a barrel in electronic trading.
In global trade, Japan stocks fell. Major markets in Europe dipped in early trading. 
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