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U.S. Stocks Seen Lower After Prior Day's Surge

Stock quotes in this article: C , AGO , RBS , KSS , JCP , GSK , MSFT  

Updated from 6 a.m. EST

Premarket futures were suggesting a lower open for stocks in New York Friday as traders prepared to lock in some of their gains following a sharp rally late in the prior session.

Futures for the S&P 500 were down 16 points at 891 and were 19 points below fair value. Nasdaq futures were lower by 16 points at 1219 and were 23 short of fair value.

On Thursday, stocks staged an afternoon comeback off steep morning losses stemming from a high unemployment number and bearish corporate earnings. The Dow Jones Industrial Average ended up more than 500 points. ...

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