Following Thursday’s rally, fueled by Federal Reserve Chair Janet Yellen’s testimony before Congress, stocks look set for a weak opening Friday. However, data on GDP, PMI, consumer sentiment and home sales should provide direction during the day’s trading session.
Futures on the Dow Jones Industrial Average were down 0.12 percent while futures on the S&P 500 were down 0.15 percent and those on the Nasdaq were down 0.16 percent. On Thursday, the Dow rose 0.46 percent while the S&P 500 climbed 0.49 percent to end at a record high while the Nasdaq rose 0.63 percent.
On the earnings front, 3D Systems Corp. (NYSE:DDD), Liberty Interactive Corp. (NASDAQ:LINTA), and NRG Energy Inc. (NYSE:NRG) are among those scheduled to declare earnings before markets open.
On the data front, GDP numbers for the fourth quarter of 2013 is due at 8:30 a.m. EST. The Chicago PMI (Purchasing Managers’ Index) for February is due at 9:45 a.m. while the Thomson Reuters/University of Michigan consumer sentiment index for February is scheduled for 9:55 a.m. Pending home sales index for January is due at 10 a.m.
In Europe, stocks were down with the Stoxx Europe 600 index trading down 0.28 percent while the FTSE 100 was down 0.21 percent. Germany’s DAX-30 was up 0.03 percent and France's CAC-40 was down 0.32 percent.
In Asia, Japan’s Nikkei-225 fell 0.55 percent and Australia’s S&P/ASX 200 was down 0.12 percent. Hong Kong’s Hang Seng inched up 0.04 percent while the Shanghai Composite was up 0.44 percent. South Korea’s Kospi was up 0.08 percent. India’s BSE Sensex was up 0.63 percent.