NEW YORK ( TheStreet) -- U.S. stock futures were flat amid concern that a morning consumer sentiment survey could disappoint even as Europe's situation seemed to brighten. Futures for the Dow Jones Industrial Average were up 7 points, or 22.8 points above fair value, at 11,382. Futures for the S&P 500 were up 0.8 points, or 1.8 points above fair value, at 1205, and Nasdaq futures were rising 1.2 points, or 2.9 points above fair value, at 2285.
"People are worried ahead of the consumer confidence numbers this morning. Problems in Europe are separate from some of the concerns in the U.S. right now," says David Semmens, U.S. economist at Standard Chartered. The University of Michigan will release its reading on consumer sentiment for September at 9:55 a.m. In August, the index came in at 55.7, the lowest level since November 2008 after Lehman's collapse. Economists are expecting an increase to 56.3 according to Briefing.com. However, an uptick in the most recent initial jobless claims report, suggesting continued sluggishness on the employment front, is putting investors on edge. Uncertainty surrounding a potential jobs bill in Congress, the recent volatility in stocks, as well as the crisis in Europe will likely all weigh into the survey's results. U.S. investors steered toward caution despite gains seen overseas in Europe. The FTSE in London was climbing 1%, and the DAX in Frankfurt was ahead 1.8%. As eurozone finance ministers meet in Poland, investors are looking for signs of the political will of leaders to come together to address the region's debt crisis. So far, eurozone countries have agreed that they will decide in October whether Greece will receive the next bailout payment, worth around $11 billion. On Thursday, U.S. stocks gained after the European Central Bank, along with four other central banks, decided to pump dollars into Europe's financial system to increase liquidity in the eurozone. Asian markets followed strong gains in U.S. stocks with Hong Kong's Hang Seng closing up 1.4%, and Japan's Nikkei soaring 2.3%. Earlier in the week, investors were heartened by comments from eurozone leaders that seemed to indicate that Greece would stay in the European Union and avoid a catastrophic collapse. U.S. Treasury Secretary Timothy Geithner, also attending Friday's meeting in Europe, has expressed strong doubts that the debt crisis would turn into a Lehman-like situation. The Dow has gained 4% in the last four sessions of rallying, although the index is still down 1.6% for the month. The positive momentum going into Friday's meeting has increased confidence that that ministers will be more willing to pledge their support for further change. The leaders are expected to discuss whether the European Union should create a euro bond, although whether Germany would agree to such a plan is in doubt. Gold for December delivery was rebounding, up $7.70 at $1789.10 an ounce. The benchmark 10-year Treasury was inching down 8/32, pushing the yield to 2.106%. The October crude oil contract was slipping by 37 cents to trade at $89.03 a barrel. The dollar was rising against a basket of currencies, with the dollar index last edging up 0.358%. The euro was lower against the greenback by 0.69% at $1.38. In corporate news, Research In Motion ( RIMM) got crushed after the Blackberry maker missed badly on both the top and bottom lines yesterday. Shares were down 18.7% to $24 in pre-trading hours. Diamond Foods ( DMND) said it now sees earnings of $3.05 to $3.15 a share for 2012, up from a prior outlook of $3 to $3.10 a share. The company bested expectations for the fourth quarter, posting a non-GAAP profit of $11.9 million, or 52 cents a share with revenue coming in at $232.8 million. The average estimate of analysts polled by Thomson Reuters was for earnings of 44 cents a share in the quarter on revenue of $216.3 million. Shares were spiking 5.1% to $82.20. Chipmaker Texas Instruments ( TXN) said it is lifting its quarterly dividend by 31% to 17 cents a share from its current payout of 13 cents. Shares were up 2% to $28.26. Netflix ( NFLX) tanked Thursday after lowering expectations for third-quarter U.S. subscriber numbers. The company's pricing change strategy has not played out well amid a teetering economy. The company now expects a quarter-end total of 36 million subscribers, down from its July 25 guidance of 37 million, with the DVD-only service taking the biggest hit. Shares dropped close to 19% yesterday and were essentially flat ahead of today's opening bell. -- Written by Chao Deng in New York.