U.S. stock index futures tumbled Tuesday as another batch of quarterly reports added to investor dismay over second-quarter earnings season.
Losses were pared somewhat after a report showed housing starts fell more than expectedbut building permits grew more than expected.
Johnson & Johnson along with Goldman Sachsboth issued reports that were less than expectations, sending futures lower to indicate a drop of nearly 1 percent at the open.
European shares were broadly lower, but mining firms made gains as metal prices rose on a weakening dollar. Asian indexes ended mixed, but mostly higher, with Chinese shares leading the gains.
Goldman shares fell more than 2 percent in the wake of better-than-expected results from Wall Street peers, Bank of America, JPMorgan and Citigroup. Goldman reported earnings of 78 cents a sharethat were hit by a settlement with the Securities and Exchange Commission as well as a British tax on bonuses.