Stock index futures pointed to a lower open on Wall Street on Friday, with equities poised to reverse recent strong gains after Google's
At 4 a.m. EDT, futures for the S&P 500 were down 0.36 percent, Dow Jones futures were down 0.27 percent and Nasdaq 100 futures were down 0.32 percent.
Google posted a 23 percent jump in quarterly revenue on a rebound in Web advertising, but its stock fell 5 percent as the company disappointed some investors accustomed to blowout results. Google shares traded in Frankfurt
Advanced Micro Devices Inc
Continental Airlines Inc
Companies scheduled to report quarterly results on Friday include General Electric
Tech shares will also be in focus after mobile phone maker Sony Ericsson
U.S. crude dropped to below $85 on Friday as concerns about U.S. demand re-emerged and the dollar strengthened, making imports more expensive for emerging economies where consumption is surging.
Japan's Nikkei average lost 1.5 percent on Friday, putting in its lowest close in nearly three weeks, while European shares were down 0.2 percent in morning trade, with shares in airlines and airport operators under pressure as a huge ash cloud from an Icelandic volcano caused air travel chaos across Europe and beyond, leaving hundreds of thousands of passengers stranded.
U.S. stocks posted their sixth straight day of gains on Thursday as an encouraging profit forecast from United Parcel Service
The Dow Jones industrial average <.DJI> rose 21.46 points, or 0.19 percent, to end at 11,144.57. The Standard & Poor's 500 Index <.SPX> edged up 1.02 points, or 0.08 percent, to 1,211.67. The Nasdaq Composite Index <.IXIC> gained 10.83 points, or 0.43 percent, to close at 2,515.69.
(Reporting by Blaise Robinson; editing by Simon Jessop)