DOW 10,000

The DOW was down on Tuesday but manged to close above 10,000 . Today there appears to be some early selling pressure but the bulls have continue to defy any reason to push the markets higher.

Stock futures pointed to a lower opening Wednesday on Wall Street as third-quarter earnings reports once again set the tone for the market.

Wells Fargo & Co., US Bancorp and Morgan Stanley all reported better results for the July-September period from a year earlier. However, the three financial firms provided fresh reminders that the broader economy is struggling even as Wall Street rebounds.

All said loan losses remain elevated.

Last week, Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc. all reported higher credit losses as consumers struggle to pay off their bills.

Dow Jones industrial average futures fell 38, or 0.4 percent, to 9,962. Standard & Poor’s 500 index futures fell 3.80, or 0.4 percent, to 1,085.60, while Nasdaq 100 index futures fell 6.25, or 0.4 percent, to 1,752.00.