US STOCKS-Futures lower after Boeing loss, pullback fears

                                
   * Boeing slides after results
                                
 * Yahoo, Eli Lilly post solid earnings
                                
 * Futures down: Dow 70 pts, S&P 500 6.6, Nasdaq 10.50
                                
 * For up-to-the-minute market news, click [STXNEWS/US]
  (Adds Boeing earnings)
                                
 NEW YORK, Oct 21 (Reuters) - U.S. stock index futures fell
on Wednesday after Boeing reported disappointing quarterly
results and on growing concern that a market pullback looms.
                                
 Dow component Boeing Co <BA.N> shed 2 percent to $50.84 in
premarket trade after the airplane maker reported a
third-quarter loss. [ID:nN20433045]
                                
 Yahoo Inc <YHOO.O> jumped 4.1 percent to $17.87 in
premarket trade after the Internet media company beat profit
and sales expectations, as spending by advertisers showed signs
of life. For details, see [ID:nN20456665]
                                
 Drugmaker Eli Lilly and Co <LLY.N> posted
better-than-expected profit, aided by higher sales of its
Cymbalta anti-depressant and Alimta cancer drug, and boosted
its full-year forecast. Shares rose 2.2 percent to $36 in
premarket. [ID:nN21437353]
                                
 "We are getting a much better earnings reporting season
than we've anticipated, both in the top and bottom line," said
Arthur Hogan, chief market analyst at Jefferies & Co in
Boston.
                                
 "The market looks like it may trade down at the open for no
other reason than the fact that we have some concern about
getting to a place too far, too fast, and there is not much
more to it than that."
                                
 The S&P 500 has risen more than 61 percent since hitting
12-year lows in March as economic data has suggested the
economy is recovering.
                                
 S&P 500 futures <SPc1> fell 6.6 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 <DJc1> lost 70
points, while Nasdaq futures <NDc1> slid 10.50 points.
                                
 Altria Group Inc <MO.N> posted quarterly profit that beat
estimates as its share of the smokeless tobacco market
stabilized, while the company saw a sharp drop in cigarette
shipments. The stock dipped 1.6 percent to $18.36.
[ID:nN17379270]
                                
 KeyCorp <KEY.N> posted a wider-than-expected loss on
Wednesday as credit losses increased and the bank set aside
more money to cover bad loans. [ID:nN21379084]
                                
 The latest round of expected earnings include results from
Morgan Stanley <MS.N>, eBay Inc <EBAY.O> Amgen Inc <AMGN.O>,
Boeing Co <BA.N>, Northrop Grumman Corp <NOC.N> and Wells Fargo
& Co <WFC.N>.
                                
 Economic data includes the U.S. Federal Reserve's Beige
Book on regional economic activities at 2 p.m. EDT [1600 GMT].
                                
 U.S. stocks retreated from 12-month highs on Tuesday as
disappointing housing and inflation data prompted investors to
book recent gains despite strong results from bellwethers
including Apple Inc <AAPL.O> and Caterpillar Inc <CAT.N>.
                                
 (Reporting by Chuck Mikolajczak; editing by Jeffrey
Benkoe)