U.S. stock futures slip after earnings from Verizon, 3M, Travelers and GE

U.S. stock index futures are trading lower Tuesday as the latest batch of company earnings are generally meeting or beating estimates, but giving downbeat outlooks that feed into investor worries of a looming recession.On Monday, the Dow Jones Industrial Average DJIA, +0.76% rose 254 points, or 0.76%, to 33630, the S&P 500 SPX, +1.19% increased 47 points, or 1.19%, to 4020, and the Nasdaq Composite COMP, +2.01% gained 224 points, or 2.01%, to 11364. The Nasdaq is up 8.

The fourth quarter earnings come with cross currents at play. The S&P 500 index is up 3.1% over the last two sessions, taking its gain for the year so far to 4.7%, as investors show conviction the Federal Reserve is going to further slow its pace of interest rate rises amid easing inflation and weakening economic indicators.

But the fear is that a hard landing recession is still coming, as much as investors hope against it. Fourth quarter earnings and forward guidance are a way to read the tea leaves on what could be ahead.

What is NOT being reported are the massive big corporate liberal CEOs laying off large %s of their workforces.

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