NEW YORK (
) -- Stock futures were pointing to a slightly lower open Friday after rallying a day earlier, with oil prices headed higher even amid a stronger dollar.
Futures for the
Dow Jones Industrial Average
were lower by 34 points, or 29 points below fair value, at 12,557. Futures for the
were down by nearly 4 points, or 4 points below fair value, at 1338, and
futures were losing 7 points, or 6 points below fair value.
as the buzz over
prevailed over tepid economic data.
European stocks were mixed on Friday on the back of the stable listing of commodities giant
and strength in the energy sector. The FTSE in the UK was rising 0.2%, and the DAX in Germany was losing 0.5%.
Asian markets closed mostly higher, with Hong Kong's Hang Seng rising 0.1% and India's Sensex gaining 1%.
Japan's Nikkei closed lower by 0.1%. Japan's Central Bank voted to maintain its monetary policy and refrained from additional stimulus even after the economy shrunk by a worse-than-expected 3.7% in the first quarter on an annualized basis.
In the U.S., there are no economic reports scheduled for release on Friday.
The July crude oil contract was gaining 35 cents to trade at $99.28 a barrel. The dollar was trading higher against a basket of currencies, with the dollar index up 0.4%.
Gold for June delivery was trading higher by $6.30 at $1,498.70 an ounce.
In stock news,
Barnes & Noble
that values its shares at $17 each in cash.
Shares were climbing 24% in premarket trading to $17.60.
were plunging 16% before the opening bell, after the
, citing higher product costs. The company now sees earnings of $1.40 to $1.50 a share for the year. On Feb. 24, Gap forecast a profit of $1.88 to $1.93 a share in 2011. The current average estimate of analysts polled by Thomson Reuters is for earnings of $1.83 a share.
saw its shares climb 7% to $145.87 after
for its first quarter and issued a forecast that was above analyst expectations.
said Friday it will be paid $1.065 billion by
Moex Offshore 2007
, which had a 10% interest in the blown-out Macondo well, to settle all claims between the companies related to the Gulf of Mexico oil spill. Shares were up 3% in premarket trading.
The benchmark 10-year Treasury was stronger by 5/32, weakening the yield to 3.154%.
--Written by Shanthi Bharatwaj in NewYork
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.