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Stocks were poised for an uptick at the open Friday as traders tried to rebound from the previous session's selloff.

Futures on the

S&P 500

were down 2 points to 1328 but were 1 point above fair value. Nasdaq 100 futures were also lower by 2 points, trading at 1652.75, almost 1 point ahead of fair value.

On Thursday, Wall Street closed to the downside after a report on business activity in the mid-Atlantic region, the manufacturing index from the

Federal Reserve

Bank of Philadelphia, came in softer than had been expected.


Dow Jones Industrial Average

, at one point this week within 100 points of its all-time high, lost 79.96 points, or 0.69%, to 11,533.23. The S&P 500 fell 7.15 points, or 0.54%, to 1318.03, and the

Nasdaq Composite

slid 15.14 points, or 0.67%, to 2237.75.

As for the newsmakers,

Boston Scientific

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was set to face early selling pressure following its disappointing forecast stemming from weak stent sales. The stock last closed at $16.36.

Electronics giant



said it will cut the price of its PlayStation 3 game console in Japan by 20% in an effort to compete better with


(MSFT) - Get Microsoft Corporation (MSFT) Report

Xbox 360 and the upcoming Wii from




General Motors'

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talks regarding an alliance with Renault and Nissan haven't yet been tremendously successful, according to published reports.

Oil futures, which briefly traded below $60 this week, were tacking on 38 cents to $61.97. Other energy prices were higher, as well. As for precious metals, gold was rising $8.30 to $596.60 an ounce, and silver was up 12 cents to $11.37 an ounce.