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. 
-
Minimum wage to $20 an hour. That's what Sally Delk hopes for with a job at the nuclear power plant. More -
Charlotte Street was the epicenter of urban blight. No longer. Now Bimmers and boats fill driveways. More -
Ex-convicts like Gregory Headley are 'at the back of the line' in the struggle to find work. More -
Steve Jobs revived Apple, defying the worst economic conditions since the Great Depression. More -
Consumers looking to buy electronics for holiday gifts won't have to break the bank this season. More -
Search firm says it will pay the bill for wireless Internet during the holidays. More -
Twitter and LinkedIn hook up, signing agreement to let users share information across both platforms. More
