Markets Set to Open Lower



Stock futures stateside pointed to a lower open on Friday as traders eyed several big earnings reports and anticipated comments from Federal Reserve speakers.

Ahead of the opening bell, futures for the Dow Jones Industrials retreated 41 points, or 0.2%, to 18,067, while futures for the S&P 500 dropped 5.75 points, or 0.3%, to 2,131.25. NASDAQ futures slipped 3.5 points, or 0.1%, at 4,840.25.

On the earnings front, McDonald's, SunTrust and Synchrony Financial are among companies set to report before the bell.

Industrial giants General Electric and Honeywell posted results before the open as well, with GE beating earnings expectations but falling short of sales estimates. GE also narrowed its 2016 earnings guidance. Honeywell, meanwhile, beat consensus on both counts.

On Tuesday after the close, Microsoft posted better-than-expected results. The tech giant's stock was on pace to open at a new all-time high.

Fed Governor Daniel Tarullo is set to speak in New York at 10:15 a.m. ET. San Francisco Fed President John Williams is due to speak at 2:30 p.m. ET in San Francisco.

In Europe, the pan-European Stoxx-600 index was 0.1% higher. In Asia, Japan's Nikkei closed 0.3% lower. The Shanghai Composite in China closed 0.2% higher. Markets in Hong Kong were canceled for the day in the wake of a typhoon set to hit the city-state.

Oil prices gained 33 cents to $50.96 U.S. a barrel

Gold prices faded $1.20 to $1,266.30 U.S. an ounce.