Stock futures are lower as investors sift through another heavy dose of earnings reports. Investors were somewhat disappointed with tech bellwether Apple's (AAPL) earnings and the shares are down about 3% this morning, leading the Nasdaq and other index futures lower. Oil is down more than 1% following last night's API inventory data. Investors will be watching new home sales data, wholesale inventories, retail inventories, and the weekly DOE energy inventory report. In early pre-market trading, Dow futures are 63 points below fair value, Nasdaq futures are 22 points below fair value and S&P futures are 7 points below fair value.