NEW YORK ( TheStreet) -- U.S. stock futures were pointing to a flat start for Wall Street on Friday after equities dipped during the previous trading session after the latest Federal Reserve minutes revealed central bankers were divided over the length of their bond-buying program.
European shares were trading mostly lower. Asian stocks finished Friday's session mostly lower. Japanese stocks, however, closed 2.8% higher as they traded for the first time in 2013.
The economic calendar in the U.S. Friday includes the nonfarm payrolls report for December at 8:30 a.m. EST. Economists polled by Reuters expects nonfarm payrolls to rise 150,000 in the month, following a 146,000 increase in November.The unemployment rate is expected to remain unchanged in December at 7.7%.
U.S. stocks on Thursday fell following a downtrodden tone from the latest minutes of the Federal Open Market Committee, the policy-making wing of the Fed. The surprise news outweighed stronger-than-expected employment data for December and a number of upbeat monthly retail-sales reports. The Dow Jones Industrial Average declined 21 points, or 0.2%, to 13,391.
Google (GOOG) and the Federal Trade Commission announced Thursday a deal to end the federal agency's nearly two-year old antitrust probe. The search engine leader has agreed to make voluntary changes to its current Internet search practices.
Mosaic (MOS), the phosphate and potash global agriculture supplier, is expected by analysts Friday to post fiscal second-quarter earnings of 98 cents a share on revenue of $2.54 billion, down almost 16% from a year earlier.
Drugmaker Eli Lilly (LLY) is expected Friday to announce its financial guidance for 2013.
Coinstar (CSTR) announced Thursday the unexpected retirement of CEO Paul Davis.
Progress Software (PRGS) posted fourth-quarter earnings on Thursday of $36 million, or 57 cents a share, on revenue of $91.3 million, compared with year-earlier profit of $12.2 million, or 19 cents a share, on revenue of $93.5 million. Progress Software said it expects first-quarter revenue to be flat with the year-earlier quarter.
Sonic (SONC) said late Thursday that fiscal first-quarter profit rose 12% from a year earlier to $6.1 million, or 11 cents a share, on revenue of $126 million. The results were roughly in line with Wall Street estimates.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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