Futures for Canada's main stock index fell on Friday, tracking a slump in global markets and a decline in oil prices.
The S&P/TSX Composite Index remained positive 14.95 points to end Thursday at 14,924.08
The Canadian dollar slid 0.44 cents to 76.06 cents U.S. early Friday
December futures capsized 1.2% Friday
Belgian news media are reporting that broadcast and video technology company EVS Group does not know what Canadian rival Evertz plans to do after taking a 3% stake in EVS this week
Evercore ISI raised the price target on Calfrac Well Services to $8.00 from $7.00
Barclays cut the price target on IGM Financial to $34.00 from $40.00
Canaccord Genuity cut the price target on Vermilion Energy to $55.00 from $60.00
ON BAYSTREET
The TSX Venture Exchange recovered 4.8 points Thursday to 646.62
ON WALLSTREET
U.S. stock futures pointed to a significantly lower open for Wall Street's major indexes on Friday after the release of disappointing quarterly results from key tech companies.
Futures for the Dow Jones Industrials plummeted 221 points, or 0.9%, to 24,656
S&P 500 futures faded 31.5 points, or 1.2%, to 2,656.75, while futures for the NASDAQ composite swooned 145.75 points, or 2.1%, to 6,780.75.
The S&P 500 was also set to open more than 9% below its 52-week high, a 10% decline would mean it is officially in correction territory.
One strategist said the move after-hours was driven by poorer-than-expected earnings from tech bellwethers Amazon, whose shares plunged 9.2%, while Google-parent company Alphabet’s shares fell 5.9%, in the pre-market.
Amazon said Thursday that it expected revenue to come in the range of $66.5 billion and $72.5 billion in the fourth quarter, well below the Street's estimate of $73.79 billion. Alphabet's results also disappointed, with the internet giant reporting revenues of $33.7 billion in the third quarter, versus an expected $34.04 billion.
Traders will likely continue to monitor the latest batch of corporate earnings Friday, with a host of firms set to report before the bell — Charter Communications, Colgate-Palmolive and Autoliv, just to name a few.
On the data side of things, U.S. third-quarter gross domestic product (GDP) data is due today at 8:30 a.m. ET, while consumer sentiment figures will come in at 10 a.m. ET.
Overseas, in Japan, the Nikkei 225 gave back 0.4% Friday, while in Hong Kong, the Hang Seng index dropped 1.1%.
Oil prices slipped 77 cents to $66.56 U.S. a barrel.
Gold prices marched ahead $5.10 to $1,237.50 U.S. an ounce.
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