S&P 500 futures were down 0.02%, Dow Jones Industrial Average futures fell 0.05%, and Nasdaq futures inched 0.02% higher.
Industrial production declined 0.2% in September, the Federal Reserve said Friday. The reading was as economists had expected. August was revised to a 0.1% drop from a previous 0.4% decline. Capacity utilization dropped to 77.5% from 77.8% in August.
General Electric bested quarterly earnings expectations as performance in its jet engines business helped to offset declines in oil and gas. The industrials company earned 29 cents a share in the third quarter, 3 cents above estimates. However, revenue fell more than 1% from a year earlier to $31.7 billion. Shares were down 1.8% in premarket trading.
Honeywell (HON) - Get Report reported a mixed quarter, though profit jumped 8.3% on lower costs. The manufacturer of aerospace materials earned $1.60 a share, up from $1.47 a year earlier, and beat estimates by a nickel. Revenue slid 5% to $9.61 billion.
Video-streaming site Youku Tudou (YOKU) surged more than 20% after Alibaba (BABA) - Get Report offered to buy out the rest of the company it doesn't already own. The Chinese e-commerce site offered $26.60 for each American Depositary share, a 30% premium to Thursday's close. The move marks the latest sign Alibaba is looking to diversify outside of its core e-commerce business.
Mattel (MAT) - Get Report fell more than 1% following another quarter in which Barbie sales fell. The toymaker reported a 33% decline in earnings after the eighth straight quarter of declining sales. Revenue was hurt by a stronger U.S. dollar and weakened demand. Overall sales fell 11% to $1.79 billion. Excluding currency exchange, revenue fell 4%.
Schlumberger (SLB) - Get Report shares were on watch after the oil company earned 78 cents a share in its third quarter, a sharp drop from $1.49 a year earlier. Revenue slumped 33% to $8.5 billion and was down 6% from a quarter earlier. Schlumberger also said it expects "challenging" conditions in coming quarters.
Yum! Brands (YUM) - Get Report has added activist investor Keith Meister to its board. The disciple of billionaire activist investor Carl Icahn is founder of Corvex Management, a firm that holds nearly 5% of Yum! Brands stock.
Wynn Resorts (WYNN) - Get Report slumped 8% before the bell following a disappointing third quarter. The casino operator reported a 27% drop in revenue, driven by weaker sales in key gambling destination Macau. Earnings of 86 cents a share missed by 2 cents.