NEW YORK (TheStreet) -- Stock futures were inching lower on Friday as eurozone members headed into another meeting to discuss the latest developments with Greece.
S&P 500 futures were down 0.13%, Dow Jones Industrial Average futures fell 0.06%, and Nasdaq futures slipped 0.03%.
"With details still to be worked out, expectations are for negotiations to continue into the weekend and this creates a bit of event-risk for our market ahead of next week's Humphrey Hawkins, [Federal Reserve Chair Janet Yellen's testimony to Congress]," said CRT Capital Group's Ian Lyngen.
Greece has been in negotiation with eurozone finance ministers since last week, discussing terms of a potential new debt package. Earlier this week, Greece requested a six-month extension to its current loan but Germany rejected the request after Greece refused to adhere to previous austerity measures in place.
"We are not discussing the continuation of the program," said Greek spokesman Gabriel Sakellaridis in a statement. "The Greek government will maintain this stance today, although conditions have matured for a solution to be found at last."
Business activity in the eurozone showed signs of increasing growth momentum. In February, the region's PMI rose to a seven-month high of 53.5, boosted by strength in Germany, its largest economy, and France. European markets were mixed with France's CAC 40 down, but Germany's DAX and the FTSE 100 in London posting modest gains.
Trading in commodity futures appeared stable with West Texas Intermediate crude flat at $51.15 a barrel after wild swings in the red over Thursday's session. Oil prices remain at half their mid-summer high as a drop in U.S. rig counts and a number of oilers cutting future investments isn't seen as enough to remedy global oversupply and tepid demand.
Deere (DE) was down nearly 1% in premarket trading after it forecast a drop in sales on weaker demand in the global farm sector, particularly for agricultural machinery. Quarterly earnings of $1.12 a share slipped from $1.81 a share a year earlier.
Noodles (NDLS) plummeted more than 25% after missing analysts' estimates on its top- and bottom-lines. Comparable-restaurant sales increased 1.3% over the quarter.
Nordstrom (JWN) fell 0.57% after reporting fourth-quarter profit of $1.32 a share, 3 cents short of estimates.
--Written by Keris Alison Lahiff in New York.