wall st futures point higher , page-6

Dour results:

* Bank of New York Mellon Corp said first-quarter
profit fell by more than half as fees tumbled, and the bank
slashed its dividend 63 percent in an effort to build capital.
Its shares tumbled 9.1 percent to $25.48 in premarket trade.
For details see [ID:nN21414260]

* Chemical maker DuPont reported a 59 percent fall
in quarterly earnings, cut its full year 2009 earnings forecast
due to weak demand, and said it will undertake additional cost
cutting measures. [nN21414260]

* S&P 500 futures dropped 5.00 points and were below
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures slid 30
points, and Nasdaq 100 futures fell 6.50 points.

* Stocks slid more than 3 percent on Monday after weak
results from Bank of America reignited concerns over
the state of the banking industry and the economy.

* European shares were higher with Tesco leading
retailers up, the day after investors worried that the recent
strong run of corporate earnings was not sustainable.

The FTSEurofirst 300 <.FTEU3> index of top European shares
was down 0.98 percent at 778.44 points.

* Analysts predict Caterpillar , the world's No.1
maker of building equipment, to be the first blue-chip
industrial to report a quarterly loss in this downturn.

* Wells Fargo , the fourth-larget U.S. bank, is
expected to report roughly a $3 billion profit, in line with
its April 9 forecast.