NEW YORK (CNNMoney.com) - Disappointing news from Intel and higher oil prices could stall stocks out of the gate Friday, at the end of a seesaw week.

U.S. futures turned lower after the chipmaker's announcement, indicating a lower open for markets.

Intel (Research) said first-quarter revenue will be below expectations due to weaker-than-expected demand, sending shares down 2 percent on Inet electronic brokerage. The world's No.1 chipmaker said the outlook it issued in January is no longer valid, and plans to offer new guidance in April.

Oil prices rose for a fourth day in a row despite continued high crude inventories in the U.S., as reported by the government Wednesday. Concerns about overseas instability, particularly in oil-rich Nigeria, scene of civil unrest, and Iran, whose nuclear activities have run afoul of the West, have affected the market in recent weeks.

The April light crude futures contract for NYMEX gained 20 cents to $63.56 a barrel in electronic trading, while the April contract for Brent crude rose 10 cents to $64.17.

Major markets in Asia closed mostly lower Friday, after property shares helped drag Japan's Nikkei average down 1.6 percent. Major European markets were modestly higher in early trading following the European Central Bank's decision Thursday to raise its key interest rate a quarter point to 2.50 percent.

Treasury prices were lower, lifting the yield on the benchmark 10-year note to 4.66 percent from 4.63 percent late Thursday. The dollar was higher against the yen and the euro.

Investors will next be looking at the Institute for Supply Management's reading on non-manufacturing growth for February due out at 10 a.m. ET.

Shares of Google (Research) rose in before-market trading a day after the Web search leader said it aims to become a $100 billion company and plans to put computer

Wendy's International (Research) said it will explore the sale of its Baja Fresh Mexican Grill unit in addition to spinning off its Tim Hortons chain, the hamburger chain was also upgraded by Prudential to "neutral weight" from "underweight."

The chairman of Overstock.com (Research), John Byrne, said he may step down after disagreements with his son Chief Executive Patrick Byrne, according to a Wall Street Journal report.

And Starbucks (Research) said sales at its coffee shops open at least 13 months rose 8 percent in February.

For a more detailed look at the markets before the open, click here.