DJIA futures are trading below fair value this morning, putting the benchmark on pace for a fourth straight loss
Dow Jones Industrial Average (DJIA) futures are signaling a lower open this morning -- on pace for a fourth straight loss -- as Wall Street braces for
another full day of earnings. While Facebook Inc (NASDAQ:FB) and Ford Motor Company (NYSE:F) are in the spotlight this morning, tech stocks
Alphabet Inc (NASDAQ:GOOGL) and Amazon.com, Inc. (NASDAQ:AMZN) will release results after the close. Traders are also digesting this morning's report on weekly jobless claims, which comes just a day after the
Federal Open Market Committee's (FOMC) latest policy decision. Specifically, the number of Americans filing for unemployment benefits rose slightly more than expected during the past week, to 266,000.
Continue reading for more on today's market, including:

Futures on the Dow Jones Industrial Average (DJIA) are 15 points below fair value.
5 Things You Need to Know Today
- Global stocks are moving lower ahead of the Bank of Japan's (BoJ) policy decision.
- The Chicago Board Options Exchange (CBOE) saw 974,749 call contracts traded on Wednesday, compared to 647,552 put contracts. The resultant single-session equity put/call ratio declined to 0.66, while the 21-day moving average edged down to 0.62.
- Social media stock Facebook Inc (NASDAQ:FB) is set to open at all-time highs, picking up over 4% in pre-market trading, after the company's blowout second-quarter earnings report. A series of price-target hikes has ensued, with Piper Jaffray setting the highest mark at $185. In other news, this should be a bad day for FB call sellers.
- Ford Motor Company (NYSE:F) call traders may also be hurting today, with the shares down close to 7% in electronic trading. Not only did the automaker announce disappointing second-quarter earnings, but it also said its full-year outlook "is at risk."
- Goldman Sachs' recent "sell" rating for Whole Foods Market, Inc. (NASDAQ:WFM) seems prescient, as the healthy grocer is looking at a 5% drop at the open. The company offered lackluster guidance and said same-store sales declined more than expected.

Earnings and Economic Data
International trade data will also be released today.
GOOGL, AMZN, Aflac (AFL), AstraZeneca (AZN), Baidu (BIDU), Baker Hughes (BHI), Boston Scientific (BSX), Bristol-Myers Squibb (BMY), CBS (CBS), Celgene (CELG), Cliffs Natural Resources (CLF), Colgate-Palmolive (CL), ConocoPhillips (COP), Dow Chemical (DOW), Expedia (EXPE), GrubHub (GRUB), Harley-Davidson (HOG), Hershey (HSY), LendingTree (TREE), MasterCard (MA), Raytheon (RTN), Western Digital (WDC), World Wrestling Entertainment (WWE), and Yamana Gold (AUY) are all due up for earnings. To see what else is coming up on this week's schedule, click here.
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