The world's largest chipmaker cited a sharper-than-expected decline in prices for memory chips.
Investors concerned about the economy are also awaiting a speech from Federal Reserve Chairman Ben Bernanke in Florida on preventing home foreclosures. A handful of other Fed officials are slated to speak Tuesday, perhaps providing investors further insight into the central bank's read on the economy.
Investors will also be examining quarterly results. Staples Inc. is due to weigh in with its numbers while Barnes & Noble Inc. raised its fourth-quarter earnings forecast but warned its profit excluding items will likely miss Wall Street's forecast.
The Intel forecast weighed on stocks. In premarket electronic trading, Intel shares fell 2.85 percent.
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The flurry of corporate news and comments from Fed officials comes as Wall Street is trying to determine whether the economy is in recession and as investors look ahead for any policy shifts that could come from the U.S. presidential election. Voters head to polls today for key primaries in Texas and Ohio as well as Vermont and Rhode Island.
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![](../images/ads/current/eagle_one_inv-lda091007.png) Dow Jones industrial average futures fell 64 points, or 0.52 percent, to 12,188. Standard & Poor's 500 index futures fell 8.60, or 0.65 percent, to 1,323.30, and the Nasdaq composite index fell 10.50, or 0.60 percent, to 1,726.25.
Bond prices rose. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.54 percent from 3.56 percent late Monday. The dollar was mixed against other major currencies, while gold prices slipped.
Overseas, Japan's Nikkei stock average finished up less than 0.01 percent. In morning trading, Britain's FTSE 100 fell 0.41 percent, Germany's DAX index fell 0.91 percent, and France's CAC-40 declined 0.76 percent.
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On the Net:
New York Stock Exchange: http://www.nyse.com/
Nasdaq Stock Market: http://www.nasdaq.com/
[Associated Press; By TIM PARADIS]
Copyright 2008 The Associated Press. All rights reserved. This
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