U.S. stocks could languish for a third straight session on Friday, early trading in index futures show. Earnings news continues to be mixed and the uncertainty around the economic outlook could also weigh down on sentiment.
Companies Reporting Before The Bell
• Verizon Communications (NYSE:VZ) is estimated to report quarterly earnings at $1.29 per share on revenue of $33.78 billion.
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Friday after closing lower in the previous session. The Dow Jones dropped by 90 points on Thursday. US initial jobless claims declined by 12,000 to 214,000 in the week ending October 15th, compared to market estimates of 230,000.
The CNN Money Fear and Greed index showed further easing in the fear level among US investors.
US stocks moved lower in choppy trading on Thursday as investors monitored several major earnings reports. Although stocks have dropped for two sessions in a row, but the major indices are still up over 2% for the week.