U.S. stock futures were lower Friday as investors digest more corporate earnings and await a reading on the housing market.
The National Association of Realtors will release its figures on existing home sales for September at 10 a.m. ET. Sales are expected to come in at an annual rate of 4.70 million, according to a survey of analysts by Briefing.com, down from 4.82 million in August.
In the corporate world, General Electric(GE) reported quarterly earnings Friday morning that fell short of expectations, sending shares more than 1% lower in premarket trading. Honeywell(HON) posted third-quarter profit that topped forecasts, but revenue disappointed. Shares slipped 1%.
McDonald's(MCD) logged revenue that was roughly in line with expectations, but its quarterly profit came in lower than anticipated.
Overseas, European Union leaders in Brussels agreed late Thursday to establish a eurozone-wide banking supervisor in 2013 designed to help prevent future catastrophic bank failures that could threaten the monetary union.
European stocks were lower Friday morning. Britain's FTSE 100 slumped 0.2%, the DAX in Germany fell 0.5% and France's CAC 40 lost 0.6%.
Sandisk(SNDK) shares climbed 6%, following quarterly results late Thursday that trounced expectations.
Shares of Chipotle Mexican Grill(CMG) dropped more than 10% in premarket trading, after the company reported third-quarter earnings late Thursday that showed an 18% revenue increase from the year-ago period, but still missed expectations. Hedge fund manager David Einhorn recommended shorting the stock several weeks ago.