Stock index futures fell on Friday as caution took root following four days of gains, after General Electric Co's
Bank of America Corp
We've had a big week in the market and there's pressure for some profit-taking, particularly with the weekend coming up, said Joe Heider, president of Dawson Wealth Management in Cleveland, Ohio.
Earnings, combined with profit-taking, are going to be the counter-balancing factors today.
Wall Street capped four days of gains on Thursday, with the S&P 500 <.SPX> posting its best week of the year since early March.
Also after the U.S. market's close on Thursday, troubled lender CIT Group
S&P 500 futures fell 4.4 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 fell 40 points, and Nasdaq 100 futures fell 2.75 points.
Economic data on tap includes housing starts and building permits for June at 8:30 a.m. EDT.
(Editing by Padraic Cassidy)