This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stock Futures Point to Third Day of Losses Amid Macro Pressures

NEW YORK (TheStreet) -- Stock futures were setting up for another day in the red with downward momentum fueled by macroeconomic pressures and light economic incentive. European stocks were squashed even after news of tightening monetary policy. Geopolitical tensions in the Middle East dented global sentiment.

S&P 500 futures were down 0.05% to 1,922.25, and futures for the Dow Jones Industrial Average slid 0.06% to 16,740. The Nasdaq remained flat at 3,765.5.

If a downward trend continues through the day, markets could post their first weekly decline in three weeks even after hitting record highs earlier this week. U.S. stock markets suffered a second straight day of losses on Thursday.

The FTSE stumbled 1.2% even on news that Bank of England Gov. Mark Carney expects a British interest rate increase to come sooner than expected. Economists had expected a rate hike no sooner than the first quarter of 2015.

The situation in Iraq is fracturing as Islamist rebel forces moved closer to Baghdad after capturing two more towns overnight. Contributing to unease, President Obama said Thursday that U.S. military strikes against Sunni Islamist militants are under consideration. Though oil prices have soared on impending conflict, markets have fallen.

Data due Friday includes the Producer Price Index for may and the University of Michigan Sentiment Index for June, capping off a week light on economic movers.

Priceline (PCLN)PCLN said it's buying online restaurant reservation company OpenTable (OPEN)OPENfor $2.6 billion. 

Priceline said it would pay $103 a share, a 46% premium to OpenTable's closing price Thursday of $70.43. OpenTable soared 46.5% in premarket trading on Friday to $103.19.

Intel (INTC)INTC shares will be on watch Friday after the company upwardly revised its second-quarter revenue guidance, noting business demand for PCs has been strong. The stock is up 6.6% in premarket trading.

Struggling clothing retailer Express (EXPR)EXPR was popping after being on the receiving end of M&A interest. Sycamore Partners, currently a 9.9% stakeholder, said it is doing due diligence before determining an offer price. Shares were up 25.1% premarket, but are down 27.4% for the year.

Finisar (FNSR)FNSR was dropping after posting adjusted quarterly earnings of 36 cents a share, 2 cents below what analysts expected.

--Written by Keris Alison Lahiff in New York.

>>Read More:

Fear Not: S&P 500 Remains Only 1% Lower Than Record High

June 13 Premarket: 10 Things You Should Know

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,079.57 -42.44 -0.25%
S&P 500 1,996.74 -3.38 -0.17%
NASDAQ 4,557.6950 -11.9260 -0.26%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs