Futures Suggest U.S. Stocks to Open Lower

Premarket futures were pointing to a lower open for stocks in New York Friday, as traders prepped for another round of earnings releases and a fresh set of economic data releases.

Futures for the S&P 500 were down 20 points at 942 and were 11 below fair value. Nasdaq futures were lower by 26 points at 1319 and were 17 short of fair value.

On Thursday, the major averages ended a choppy day with gains following the release of a better-than-expected third-quarter GDP number.

Ahead of the new day's trading, corporate earnings statements are due out from energy firm Chevron ( CVX), fast-food restaurant operator Burger King ( BKC) and cleaning-products maker Clorox ( CLX).

Meanwhile, automaker Ford ( F) announced it would bring 1,000 workers back to a truck plant in anticipation of high demand for one of its new trucks.

In other automotive news, Nissan ( NSANY) reported a decline in quarterly profit and guided lower for the remainder of the year.

As for the financials, British bank Barclays ( BCS) announced plans to raise $11.8 billion from the private sector, thus avoiding participation in the U.K.'s bank-bailout plan.

Looking at the day's economic data, the Department of Labor will release its third-quarter employment cost index. Also on tap are September personal-income data and the Chicago Purchasing Managers Association's manufacturing survey for October.

Shifting to commodities, crude oil was losing $2.25 to $63.71, and gold was down $11.10 to $727.40.

Longer-dated U.S. Treasury securities were rising in price. The 10-year note was up 22/32 to yield 3.88%, and the 30-year was gaining 1-12/32, yielding 4.25%. The dollar was rising vs. the euro and pound but falling against the yen.

Across the seas, European exchanges, including the FTSE in London and the Dax in Frankfurt, were trading lower. As for Asian markets, Japan's Nikkei and Hong Kong's Hang Seng closed on the downside.

( Photo gallery: Trading Faces)

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