NEW YORK (TheStreet) -- Stock futures moved modestly higher on Friday morning to begin the new month, recovering from a selloff a day earlier that undermined benchmark indexes' April gains.
S&P 500 futures were up 0.37%, Dow Jones Industrial Average futures gained 0.48%, and Nasdaq futures climbed 0.3%.
There was no shortage of earnings to sift through on Friday, either. CVS Caremark (CVS) edged higher after reporting quarterly earnings of $1.14 a share, 6 cents better than expected. Revenue of $36.33 billion came in 11.1% higher than a year earlier.
LinkedIn (LNKD) tanked more than 20% in premarket trading after lowering its outlook for the year. The networking site guided for second-quarter sales between $670 million and $675 million, below forecasts for $717.5 million.
Visa (V) was more than 1% lower despite beating earnings expectations on the top- and bottom-line. Currency exchange was a major hurdle this quarter, cutting into first-quarter growth by 2.5 percentage points. Over the full year, the stronger dollar is expected to reduce sales by 2%.
Gilead Sciences (GILD) gained 3% in premarket trading after posting earnings of $2.94 a share in its first quarter, beating estimates by 62 cents. Revenue of $7.6 billion rocketed 52% higher and beat forecasts.