US stock futures fell as investors weighed earnings and after data showed an increase in US wholesale prices.

A report today revealed wholesale prices in the US rose in April by the most in a year.

The producer price index jumped a seasonally adjusted 0.6% last month following a revised 0.5% increase in March, the Labor Department said, compared to expectations for a 0.2% increase.

Another report showed mortgage applications climbed 3.6% in the week ended May 9th, following a 5.3% gain the prior week.

In company news, Fossil Group Inc. declined after the maker of watches and accessories forecast earnings that fell short of analysts' estimates.

Macy's advanced after the department store chain lifted its dividend after achieving an increase in first-quarter profits.

Deere slipped as the agricultural-equipment maker said equipment sales will drop by about 4% for 2014, compared with a previous projection for a decline of about 3%.

Meanwhile, markets continue to watch developments in Ukraine amid concerns over unrest.

Russian Foreign Minister Sergei Lavrov said the country is as "close to civil war as you can get" in an interview with Bloomberg today.

He added that Russia has "no intention" of send its troops anywhere but that the country is locked in the worst standoff since the end of the Cold War against the US and Europe over Ukraine.

His remarks come ahead of the Ukraine presidential elections on May 25th.

The 10-year Treasury yield fell three basis points to 2.57%.

West Texas Intermediate crude futures grew $0.353 to $102.060 per barrel, according to the ICE.

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