U.S. stock index futures dipped on Friday, a day after the market logging its best percentage gain in three months, as investors await data that will shed light on consumer sentiment.
The day's economic agenda includes the Commerce Department's September personal income and consumption data at 8:30 a.m. EDT (1230 GMT) as well as the final reading of consumer sentiment for October, due at 9:55 a.m. (1355 GMT)
Oil giant Chevron Corp
Among overseas firms reporting results, telecommunications gearmaker Alcatel-Lucent SA
Rival Panasonic Corp <6752.T> posted its first profit in three quarters on robust sales of advanced DVD recorders and appliances, and raised its full-year outlook.
After Thursday's close, shares of McAfee Inc
S&P 500 futures slipped 3.3 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 30 points, while Nasdaq futures dipped 2 points.
Stocks rallied Thursday after data showed the U.S. economy returned to growth in the third quarter, brightening the outlook for profits.
The S&P 500 is up 57.6 percent from its 12-year closing low on March 9, but is off 2.9 percent from its post-March peak reached on October 19.* Going into the final trading day of the month, the S&P 500 is up nearly 1 percent for October. If the index is unable to hold onto the month's gains, it will snap a seven-month winning streak.
(Reporting by Leah Schnurr; editing by Jeffrey Benkoe)