US stock futures on Friday belie Thursday's solid showing on the indexes, which had rebounded on the back of strong quarterly earnings and solid economic data.

Futures on the Dow Jones Industrial Average were down 0.57 percent and futures on the S&P 500 were down 0.56 percent while those on the Nasdaq were down 0.24 percent. On Thursday, the Dow had climbed more than 100 points or 0.7 percent while the S&P 500 rose by 1.13 percent and the Nasdaq raced up 1.77 percent.

On the earnings calendar, Friday's schedule before market hours includes earnings announcements from Chevron Corp. (NYSE:CVX), Mastercard Inc. (NYSE:MA), AbbVie Inc. (NYSE:ABBV) and Dominion Resources Inc. (NYSE:D).

On the data front, numbers on personal income and outlays in December are due at 8:30 a.m. EST while the Chicago Purchasing Managers' Index, or PMI, for January is due at 9:45 a.m. The Thomson Reuters/University of Michigan's consumer sentiment index for January is scheduled to be released at 9:55 a.m.

In Europe, stocks slumped across the board after a surprise drop in the annual inflation number, and the Stoxx Europe 600 index was trading down 0.87 percent while the FTSE 100 was down 0.77 percent. Germany’s DAX-30 was down 1.42 percent while France's CAC-40 was down 0.97 percent.

In Asia, markets were mixed with Japan’s Nikkei falling 0.62 percent and Australia’s S&P/ASX 200 ended the day flat while India’s BSE Sensex inched up 0.08 percent. The Hang Seng, Shanghai and Kospi indexes were closed for the lunar New Year holiday.