Although the slew of earnings reported yesterday were a mixed bag the forward looking guidance was unanimously dour which sent stocks lower and threaten sentiment today.What To Watch For In The US Session• More Earnings On Tap• Can Apple's Earnings Lift Techs• MBA Mortgage Applications DropLower Guidance Following Missed Earnings Sparked Risk Aversion and Threaten MarketsAlthough the slew of earnings reported yesterday were a mixed bag the forward looking guidance was unanimously dour which sent stocks lower and threaten sentiment today. Better than expected earnings results from 3M, DuPont and Pfizer were offset misses by Caterpillar and several small banks. As the conference calls commenced and the outlook for future growth dimmed, the fears of a global recession continued to mount. Today we may see some of the same events as the better than expected earnings from Apple could be offset by misses by other big names. AT&T and Boeing have already reported lower than expected and Wachovia continued the theme of huge disappointments from banks after reporting an $11.89 loss, which is probably its last before becoming part of Wells Fargo. Meanwhile, MBA mortgage applications fell to its lowest level in eight years will add to the bearish sentiment, as the credit crunch continues to takes a toll on the housing market. Dow Jones 9033.66The Dow Jones Industrial Average is looking at a lower open as futures are trading 190 points below fair value. Financials may continue to trade lower after Citibank's downgrade from Goldman Sachs and the dour results from Wachovia. Meanwhile, Boeing's reporting lower than expected earnings by 2 cents today will heighten global recession fears as it follows Caterpillars miss yesterday. NASDAQ 1696.68The NASDAQ may be the one major index that could trade higher on the day as Apple's better than expected earnings and strong guidance topped with an appearance by Steve Jobs could send the tech laden index higher. However, the bleak outlook from Texas Instruments and Sun Microsystems may continue to weigh the index lower. S&P 500 955.05The broad losses yesterday indicate that the markets have lowered expectations for global growth and the S&P 500 could continue to suffer from those sentiments. Financials are looking to trade lower which account for 12% of the index's value.