Premarket futures were pointing to a lower open for stocks in New YorkFriday, as traders prepped for another round of earnings releases anda fresh set of economic data releases.
Futures for the
were down 20 points at 942 and were11 below fair value.
futures were lower by 26 points at1319 and were 17 short of fair value.
On Thursday, the major averages ended a choppy day with gainsfollowing the release of a better-than-expected third-quarter GDPnumber.
Ahead of the new day's trading, corporate earnings statements aredue out from energy firm
, fast-food restaurantoperator
and cleaning-products maker
announced it would bring 1,000 workersback to a truck plant in anticipation of high demand for one of itsnew trucks.
In other automotive news,
reported a decline inquarterly profit and guided lower for the remainder of the year.
As for the financials, British bank
announcedplans to raise $11.8 billion from the private sector, thus avoidingparticipation in the U.K.'s bank-bailout plan.
Looking at the day's economic data, the Department of Labor willrelease its third-quarter employment cost index. Also on tap areSeptember personal-income data and the Chicago Purchasing ManagersAssociation's manufacturing survey for October.
Shifting to commodities, crude oil was losing $2.25 to $63.71, andgold was down $11.10 to $727.40.
Longer-dated U.S. Treasury securities were rising in price. The10-year note was up 22/32 to yield 3.88%, and the 30-year was gaining1-12/32, yielding 4.25%. The dollar was rising vs. the euro and poundbut falling against the yen.
Across the seas, European exchanges, including the FTSE in Londonand the Dax in Frankfurt, were trading lower. As for Asian markets,Japan's Nikkei and Hong Kong's Hang Seng closed on the downside.