NEW YORK (AP) -- U.S. stock futures slipped Tuesday after disappointing corporate earnings and another sign that Europe's credit crisis isn't solved.
An hour before the opening bell, Dow Jones industrial average futures were down 33 points, or 0.3 percent, to 11,268. S&P 500 futures lost 2, or 0.2 percent, to 1,192. Nasdaq 100 futures added 6, or 0.2 percent, to 2,326.
Stock futures do not always predict how indexes will trade once the market opens, however.
Europe's debt crisis again drove premarket trading. Moody's warned late Monday that it may downgrade France's top-notch credit rating in the next three months. On Tuesday, that country's finance minister said that the French economy may grow at a slower pace than expected next year, potentially putting additional pressure on corporate earnings.
Concerns about the possibility of a European credit crisis similar to the one in 2008 after Lehman Brothers collapsed have driven much of the market's big swings lately. Many investors are expecting the Greek government to be unable to make payments on its bonds. A default on those bonds could lead to deep losses for the banks that hold them, potentially causing lending to freeze up while the European economy is weak.
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Tuesday is bringing another full day of corporate earnings reports in the U.S.
International Business Machines Corp. fell 4 percent in premarket trading after missing Wall Street's revenue estimates last quarter. It reported after the markets closed Monday.
Bank of America Corp. rose 2.5 percent in premarket trading after it said accounting gains and the sale of a stake in a Chinese bank helped it beat Wall Street's earnings estimates. Goldman Sachs rose 1 percent in premarket trading, even after reporting only its second quarterly loss since going public in 1999. The loss was more than analysts expected.
Coca-Cola Co. rose 0.6 percent in premarket trading after narrowly beating Wall Street's earnings estimates. Johnson & Johnson was unchanged after posting a 6 percent in decline in third-quarter profit, roughly in line with analyst expectations.
Apple Inc. and Intel will report their results from the last quarter after the market closes.
