* Bank of America falls after earnings
* Commodities continue to slip
* Fed's Beige Book due later in session
* Futures down: Dow 96 pts, S&P 11.9 pts, Nasdaq 23.5 pts
By Chuck Mikolajczak
NEW YORK, April 17 U.S. stock index futures fell
on Wednesday, indicating the S&P 500 will retreat from its
second-best daily performance of the year as commodities fell
and after earnings reports from Yahoo and Intel.
* Brent crude slid towards $99 per barrel and copper
dropped 1.8 percent to $7,167 a ton as softer-than-expected data
in the U.S. and China has heightened worry over demand. U.S.
listed shares of BHP Billiton lost 2.7 percent
to $64.84 in premarket.
* Yahoo Inc shed 1.2 percent to $23.50 in premarket
trade after the Internet company's first quarter revenue fell
shy of expectations as declining traffic to its Web properties
and falling display advertising sales continue to weigh on the
* Intel Corp slipped 0.5 percent to $21.81 before
the opening bell after the chipmaker said its current-quarter
revenue would decline as much as 8 percent and trimmed its 2013
capital spending plans.
* Bank of America Corp declined 3.3 percent to
$11.87 after reporting first-quarter results.
* S&P 500 futures fell 11.9 points and were below
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures lost 96
points, and Nasdaq 100 futures dropped 23.5 points.
* According to Thomson Reuters data through Tuesday morning,
of the 42 companies in the S&P 500 that have reported earnings
to date for the first quarter of 2013, 66.7 percent have
reported earnings above analyst expectations. Over the past four
quarters, 67 percent of companies beat estimates while the
average since 1994 is a 63 percent beat rate.
* S&P 500 earnings are now expected to have risen 1.8
percent in the first quarter, based on actual results from 42
companies and estimates for the rest, up from a recent estimate
of 1.1 percent growth.
* Other S&P 500 companies expected to report on
Wednesday include American Express Co, eBay Inc
and Sandisk Corp.
* Later in the session, investors will eye the Federal
Reserve's Beige Book of economic conditions at 2:00 p.m. (1600
* European shares fell for the fourth session in a row on
Wednesday, led down by commodity-related shares.