Stocks to Fall at Opening Friday

Futures for stocks north of the border fell on Friday as commodity prices slipped, while investors watched out for economic growth data.

The TSX Composite gained 72.35 points to close Thursday at 19,352.11.

December futures sank 0.3% on Friday.

The Canadian dollar hesitated 0.15 cents to 73.57 cents U.S.

Rogers Communications, Shaw Communications and Quebecor have reportedly failed to mediate their differences with Canada's competition bureau over Rogers' $20-billion bid for Shaw.

On the economic front, Statistics Canada said real gross domestic product edged up 0.1% in August, led by services-producing industries.

ON BAYSTREET

The TSX Venture Exchange slid 2.65 points Thursday to 593.69.

ON WALLSTREET

NASDAQ futures were lower Friday after disappointing Amazon earnings added to the already pressured index.

Futures for the Dow Jones Industrials gave up 11 points to 32,063.

Futures for the S&P 500 settled 17.5 points, or 0.5%, to 3,802.

Futures for the NASDAQ Composite faltered 95.25 points, or 0.9%, to 11,140.

The Dow is on pace to end the week higher by about 3% and the S&P is set to hike 1.5%. The NASDAQ is set to finish lower by about 1%.

Amazon led the declines in pre-market trading, plunging by 13% after the company posted weaker-than-expected quarterly revenue and issued disappointing fourth-quarter sales guidance.

Apple shares were initially lower too in extended trading after the company reported weaker-than-anticipated iPhone revenue, but they have since reversed higher and were last up about 0.7%.The company still beat Wall Street estimates for quarterly earnings and revenue.

Friday brings a quieter day for earnings. Oil companies Chevron and Exxon both outperformed expectations when reporting before the bell, sending Chevron shares up 2.5% and Exxon higher 2.4%.

In economic data, traders are looking forward to the Personal Consumption Expenditures Price Index, the Federal Reserve’s preferred inflation gauge, as well as consumer sentiment and pending home sales.

In Japan, the Nikkei 225 tumbled 0.9% Friday, while in Hong Kong, the Hang Seng Index was spanked 3.7%.

Oil prices dipped 61 cents to $88.47 U.S. a barrel.

Gold prices forfeited 10 dollars to $1,655.60 U.S. an ounce.

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