This morning, the S&P 500 Index e-mini futures (ES-U3) are trading lower by 7.50 points to 1676.50 per contract. Last night, most corporate earnings reports have been very weak. There are many stocks such as Amazon.com Inc. (NASDAQ:AMZN), Expedia Inc. (NASDAQ:EXPE), Outerwall Inc. (NASDAQ:OUTR), and others that are declining after reporting earnings. Stocks such as Starbucks Corporation (NASDAQ:SBUX), and Activision Blizzard, Inc. (NASDAQ:ATVI) are trading higher before the opening bell.