NEW YORK (CNN/Money) - Technology stocks were set to take a lickin' Friday after some disappointing results and forecasts from Microsoft and Amazon.com.

Early Friday, Nasdaq futures were solidly lower, while S&P futures were down by just a little.

Among U.S. stocks trading in Europe, Microsoft (MSFT: Research, Estimates) fell 1 percent. The software maker posted higher fiscal fourth-quarter earnings that were just below analysts' forecasts, and projected higher sales but lower earnings than forecast for the current quarter.

Shares of online retailer Amazon.com (AMZN: Research, Estimates) were more than 2 percent lower after the company late Thursday missed its second-quarter profit target.

Investors may also frown upon Dow component Coca-Cola (KO: Research, Estimates) after the world's largest beverage maker late Thursday reported quarterly profits that beat forecasts while sales missed estimates. The company also cautioned about challenges in its international markets. Coke shares were down slightly in European trading.

"A lot of the results yesterday have been a little disappointing. Microsoft had a decent quarter but was a little below expectations. It was the same with both Amazon and Coke," said Larry Wachtel, market analyst with Wachovia Securities.

"It is pretty clear that with the question of capital expenditure, chief investment officers at tech companies pulled in their horns. That's disappointing," he added. "Everybody was counting on second-quarter results to bolster the markets."

Stocks scratched out a slight gain Thursday. The Nasdaq composite index gained 0.8 percent, while the Dow Jones industrial average was only slightly higher (see chart for details).

For details of Thursday's gain, click above.

Asian-Pacific stocks ended the week mostly lower, with Tokyo's Nikkei down 0.9 percent. European markets showed some modest gains in morning activity. (Check the latest on world markets)

Treasury prices fell in early trading, sending the 10-year note yield up to 4.46 percent from 4.45 percent late day. The dollar advanced against the yen and euro. Gold was lower.

Oil edged higher. U.S. crude futures gained 10 cents to $41.46 a barrel in electronic trading, while Brent oil futures advanced 7 cents to $38.08 a barrel in London.

In other corporate news Friday, members of top management at automaker DaimlerChrysler (DCX: Research, Estimates) said they will take a 10-percent pay cut as part of an agreement to reduce annual staff costs by 500 million ($613 million).

The company said the board's total remuneration packages would be cut, and that 3,000 managers in Germany would also have their packages reduced as part of the cost-cutting strategy.