Stock futures sink on Japan nuclear crisis

NEW YORK: Stock futures lower on Tuesday due to open after Japan revised its nuclear crisis at the highest level and growth of Alcoa Inc. first quarter earnings disappointed Wall Street.

Stock markets in Asia and Europe fell earlier in the day, after Japan raised the seriousness of his crippled nuclear plant, which was damaged by a tsunami on March 11, at 7 5. This is the same as the Chernobyl disaster in 1986.

"That means slower growth to come out of Japan in the short term, and that will weigh on global growth," said Peter Cardillo, chief economist at Avalon Partners Inc.

Japan Nikkei 225 Index fell 1.7 percent. The British FTSE 100, French CAC-40 and German DAX index dropped 1 percent or more of all.

Alcoa earnings season began Monday night and said he returned to a profit in the first quarter. But he also said its sales rose by only $ 5960000000 from 4.89 billion dollars. Analysts were expecting more growth to 6.16 billion dollars, according to FactSet. Alcoa stock fell 3.9 percent in premarket trade.

The aluminum company was the first blue chip to report the results of the first quarter, and analysts expect to see revenue growth companies in general. Much of the earnings growth so far this recovery has been cutting jobs and other costs, rather than demand growth.

Other major companies reporting results this week include JPMorgan Chase & Co., Inc. Google and Bank of America Corp.