Jan. 30 (Bloomberg) -- U.S. stock-index futures slid before earnings today from companies including Schering-Plough Corp., Eastman Kodak Co. and Exxon Mobil Corp.

``Earnings growth will slow down from past levels,'' said Gonzalo Cuadrado, investment manager at EDM Holding SA in Barcelona, Spain, which manages $907 million. ``We have to wait and see some more earnings before the current season is over.''

Pfizer Inc. rose in Europe after the drugmaker won U.S. approval for Exubera, an inhaled insulin treatment. Fairmont Hotels & Resorts Inc. climbed after Saudi Prince Alwaleed bin Talal and Colony Capital LLC agreed to buy the Canadian operator of luxury hotels for $45 a share.

Standard & Poor's 500 Index futures expiring in March declined 1.9 to 1287.3 as of 10:09 a.m. in London. Dow Jones Industrial Average futures slid 14 to 10,929. Nasdaq-100 Index futures lost 1 to 1721.5.

U.S. stocks advanced last week as forecasts from companies including Caterpillar Inc. and Microsoft Corp. reignited optimism that corporate profits will keep growing. So far, 63 percent of 244 companies to have reported fourth-quarter results surpassed analysts' estimates, according to Bloomberg analysis of data from Thomson Financial.

Crude oil rose for a third day amid concern a dispute over Iran's nuclear program may reduce shipments from the world's fourth-largest producer. Crude for March delivery rose as much as 66 cents, or 1 percent, to $68.42 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It traded at $68.25 at 8:01 a.m. London time.

Exxon Gains

``Oil prices are a big worry. There is a limit to what companies can do to weather higher energy costs,'' Cuadrado said. He's still optimistic on the outlook for the U.S. market.

Exxon gained 28 cents to $61.57. Earnings at the world's largest publicly traded oil company probably rose for the seventh straight quarter because of soaring energy prices, according to a Thomson survey. That will cap Chairman Lee Raymond's career with the most profitable year for any company in U.S. history.

Boeing Co., the world's second-biggest planemaker, slid 33 cents to $68.23 in Germany. DuPont Co., the third-largest U.S. chemicals maker, lost 9 cents to $39.72. The companys' raw- material costs are affected by the price of oil.

More than 140 S&P 500 companies released earnings last week, making it the busiest period for fourth-quarter results. More than 100 companies in the S&P 500 report this week.

``We are looking at where the next lift to markets will come from and people are not so sure,'' said Geoff Langham, head of trading at CMC Markets, a spread-betting company in London. ``With oil prices this high, it will be an additional weight on markets.''

Interest Rates

The Federal Reserve may raise the benchmark U.S. interest rate tomorrow by a quarter percentage point, according to economists in a Bloomberg survey.

Schering-Plough rose 12 cents to $20.20 in Germany. The developer of the Claritin and Clarinex allergy drugs may say before U.S. markets open that fourth-quarter profit widened to 8 cents a share, versus a loss of 2 cents in the year-ago period, according to a Thomson Financial survey of analysts.

Kodak, the world's biggest maker of film, lost 17 cents to $26.20. The company is due to release results before trading begins in the U.S.

Pfizer added 15 cents to $26.14. The world's biggest drugmaker won approval for Exubera, a treatment that may serve as an alternative to needles for more than 5 million American diabetics, U.S. regulators said after markets closed Dec. 27.

Pfizer shares rose 3.8 percent in the U.S. in anticipation of an approval.

Google Rises

Fairmont stock added 80 cents to $44.62 in Germany.

Google Inc. rose $1.66 to $435.15, also in Germany. The owner of the most-used Internet search engine said it's releasing a custom toolbar for Web browsers as part of efforts to attract more visitors to its sites.

Oilgear Co. may be active. The maker of hydraulic industrial components said it would restate financial statements for the fiscal year 2004 and the first three quarters of fiscal 2005. The shares didn't trade in Europe.

A government report may show that personal spending increased in December by the most in five months and incomes grew, suggesting a pickup in demand at the end of 2005 may help first-quarter growth.

Personal Spending

The Commerce Department will probably say spending increased 0.7 percent, according to the median estimate of economists surveyed by Bloomberg News, after a 0.3 percent gain in November. Incomes are forecast to rise 0.4 percent after a 0.3 percent increase. The spending and income data are scheduled for release at 8:30 a.m. in Washington.

The Fed is expected to raise the benchmark interest rate tomorrow by a quarter point for the 14th straight time, to 4.5 percent, according to a Bloomberg survey of 65 economists. The policy meeting will be the last under Chairman Alan Greenspan.

The S&P 500 gained 0.8 percent to 1283.72 on Jan. 27, for a weekly gain of 1.8 percent. The Dow average advanced 0.9 percent, as did the Nasdaq Composite Index.

To contact the reporter on this story: Alexis Xydias in London at axydias@bloomberg.net

Last Updated: January 30, 2006 05:13 EST