NEW YORK (
) -- U.S. stock futures were suggesting a higher Wall Street open as markets await a speech Friday from
Chairman Ben Bernanke in which it's hoped he will signal the Fed's next policy steps to lift the U.S. economy.
Bernanke's speech Friday morning will take place from the annual economic symposium in Jackson Hole, Wyo.
"The Federal Reserve symposium at Jackson Hole is widely expected to disappoint," said DBS Group in a report. "The Fed has scope to continue its wait-and-see approach, and keep open the door for action if needed."
European stocks were trading higher, while Asian shares finished Friday's session with losses. Japan's Nikkei 225 declined 1.6% to 8,839.91.
The economic calendar in the U.S. Friday includes the Chicago purchasing managers index for August at 9:45 a.m. EDT, the final University of Michigan consumer sentiment reading for August at 9:55 a.m., and actory orders for July at 10 a.m.
on Thursday finished deep in the red, driven lower by a rekindling of worries about Europe's debt crisis and uneasiness about Bernanke's speech Friday
Dow Jones Industrial Average
dropped nearly 107 points, or 0.81%, to close at 13,000.71.
declined 11 points, or 0.78%, to settle at 1399.48. The
lost 32 points, or 1.05%, to finish at 3049.
CEO Larry Page and
CEO Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters, including the mobile patent disputes between the companies, people familiar with the matter told
The two executives had a phone conversation last week, the sources said, and they are expected to talk again in the coming weeks, though no firm date has been set.
One possible scenario under consideration could be a truce involving disputes over basic features and functions in Google's Android mobile software, one source said.
Meanwhile, a Tokyo court on Friday dismissed Apple's claim that
had infringed on its patent, the latest ruling in the global fight of the two tech giants.
The Japanese court case addressed only the synchronizing technology that allows media players to share data with personal computers. The Samsung victory wasn't comparable in scope to the much larger victory that Apple won in the U.S. last week,
The Associated Press
, a major player in providing clearing and settlement services to other financial firms, is reviewing its dealings with dozens of brokerages that use the bank to settle trades, according to people familiar with the bank,
The Wall Street Journal
reported a narrower-than-expected fiscal second-quarter loss on Thursday with revenue 12% ahead of analysts' estimates.
The data software specialist also raised its revenue outlook for the full year to between $183 million and $186 million, up from a prior range of $174 million to $177 million.
Mitt Romney accepted the Republican nomination for president on Thursday.
Romney said he would "restore the promise of America."
-- Written by Joseph Woelfel
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