NEW YORK (

TheStreet

) -- Stock futures were pointing to a lower open Friday as the market digested signs of slowing global growth.

Futures for the

Dow Jones Industrial Average

were down by 24 points, or 27 points below fair value, at 12,020. Futures for the

S&P 500

were lower by 3 points, or 4 points below fair value, at 1280, and

Nasdaq

futures were off by 5 points, or 9 points below fair value.

Stocks reversed their six-day losing streak Thursday as strength across agricultural and energy sectors helped offset disappointing initial jobless claims data.

Global stocks traded mostly lower after China's trade surplus in May came in lower than expected and British industrial production in April saw a steeper-than-projected decline.

The FTSE in London was declining 0.1%, while the DAX in Frankfurt was up by 0.1%. Japan's Nikkei added 0.5% while Hong Kong's Hang Seng shed 0.8%.

The Bureau of Labor Statistics said import and export prices each rose by 0.2% for May, after growth of 2.1% and 0.9%, respectively, in April. Import prices, excluding fuel, rose 0.4% in May, and export prices, excluding agriculture, gained 0.5%.

Shares of

Lululemon Athletica

(LULU) - Get Report

were rising 5.7% to $91.05 ahead of Friday's opening bell after the

athletic apparel company reported better-than-expected first-quarter earnings.

Goodyear

(GT) - Get Report

agreed to sell its global wire business to South Korean tire reinforcements company Hyosung for about $50 million. Goodyear's stock was adding 0.3% to $16.10 in early trading.

In its first outlook since the Japanese earthquake and tsunami in March,

Toyota

(TM) - Get Report

said it

expects earnings for the year ending in March 2012 to decline by 31%. Shares were shedding 0.2% to $81.80 during the premarket session.

Shares of

Nokia

(NOK) - Get Report

were up 0.2% to $6.30 early Friday after the

mobile phone maker said it is talking to "multiple parties" about bidding for its stake in the Nokia Siemens Network joint venture.

Google

(GOOG) - Get Report

is

in talks to buy display advertising company

Admeld

for about $400 million, according to a

New York Times

report. Google's stock was ticking 0.03% lower to $516.58 ahead of Friday's opening bell.

Loan company

Ally Financial

is

delaying its initial public offering because of weak market conditions and impending fines related to its mortgage foreclose practices, according to a

Financial Times

report.

At 2 p.m., the Treasury Department will issue its May report on the budget.

The July crude oil contract was shedding $1.04 to trade at $100.89 a barrel. Gold for August delivery was down by 30 cents at $1,542.40 an ounce.

The benchmark 10-year Treasury rose 9/32, diluting the yield to 2.967%. The dollar strengthened against a basket of currencies, with the dollar index up by 0.1%.

.

-- Written by Melinda Peer in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.