Last updated January 29th, 2009 6:50 AM ET---Today, U.S. stock futures are indicating a weaker open following disappointing results from the likes of Starbucks' (NASDAQ:SBUX), Qualcomm (NASDAQ:QCOM) and Allstate (NYSE:ALL). Following Wednesday's close, Starbucks (NASDAQ:SBUX) reported fiscal Q1 earnings of 15 cents per share, ex-items, less than the 17-cent consensus estimate. Revenues fell 6% vs. the year-ago period to $2.62 billion and below the $2.69 billion consensus. Starbucks also announced plans to shutdown 300 additional stores and eliminate 6,700 jobs. Qualcomm (NASDAQ:QCOM) printed first-quarter earnings at 31 cents, excluding one-time items, missing 47-cent estimates. Allstate (NYSE:ALL) came in well below analysts' expectations of $1.35 per share, with earnings of 97 cents per share, excluding one-time items. Today earnings calendar includes Amazon.com (NASDAQ:AMZN), Ford (NYSE:F), and 3M (NYSE:MMM). Economic reports due out today include December durable goods orders as well as last week's jobless claims at 8:30 AM and at 10:00 AM new home sales for December. At the time of this report, S&P futures are down 12.61 points, Nasdaq futures are down 10.75 points and Dow futures are down 95.00 points.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html