Stocks were poised for an uptick at the open Friday as traders tried to rebound from the previous session's selloff.
Futures on the
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
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
slid 15.14 points, or 0.67%, to 2237.75.
As for the newsmakers,
was set to face early selling pressure following its disappointing forecast stemming from weak stent sales. The stock last closed at $16.36.
said it will cut the price of its PlayStation 3 game console in Japan by 20% in an effort to compete better with
Xbox 360 and the upcoming Wii from
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.