Stock futures point to lower Wall Street open

[July 28, 2009]  NEW YORK (AP) -- Stock index futures are pointing toward a lower start on Wall Street as investors show a little more caution after the market's huge two-week rally.

Investors appear ready to follow their counterparts overseas, where markets traded in a narrow range Tuesday on mixed corporate earnings.

Wall Street is waiting for a stream of earnings reports over the next three days. And later Tuesday, they'll get a read on home prices and consumer confidence.

Dow Jones industrial average futures are down 15, or 0.2 percent, at 9,055. Standard & Poor's 500 index futures are down 2.20, or 0.2 percent, at 977.70, while Nasdaq 100 index futures are down 2.50, or 0.2 percent, at 1597.00.

On Monday, stocks wobbled in an erratic session before finishing mostly higher.

[Associated Press; By IEVA M. AUGSTUMS]

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