Stocks look poised to drop following Alcoa's disappointing earnings

U.S. stocks may be poised to drop for a third day following yesterday's disappointing results from Alcoa Inc. (AA), the first major Dow component to report this earnings season.

According to Bloomberg News, futures on the S&P 500 expiring in June decreased 0.9 percent to 806.60 at 10:50 a.m. in London, while Dow Jones Industrial Average futures slid 1.0 percent to 7,683 and Nasdaq-100 Index futures fell 0.6 percent to 1,273.75. Markets in Europe and Asia were also down.