Stocks to open lower

October 19, 2012: 8:28 AM ET
sp500 815
Click chart for more premarket data.
NEW YORK (CNNMoney)

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.

Fear & Greed Index

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%.

Meanwhile, Asian markets closed mixed. The Shanghai Composite slid 0.2%, the Hang Seng in Hong Kong gained 0.2%, and Japan's Nikkei added 0.2%.

Friday marks the 25th anniversary of the worst one-day stock plunge in history, known as "Black Monday," when the Dow dropped 22.6%.

U.S. stocks fell Thursday as investors focused on the latest corporate results and mixed economic data.

Good news for Nokia? Nope

Companies: Microsoft (MSFT) shares slipped 2% in premarket trading, after the company reported flat third-quarter sales late Thursday.

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.

Related: Obama's record on oil and gas

Currencies and commodities: The dollar rose against the euro and Japanese yen, but slipped versus the British pound.

Oil for November delivery gained 15 cents to $92.25 a barrel.

Gold futures for December delivery fell $10 to $1,734.70 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury edged higher, pushing the yield down to 1.81% from 1.83% late Thursday.

Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 17,051.73 -48.45 -0.28%
Nasdaq 4,424.70 0.00 0.00%
S&P 500 1,973.63 -4.59 -0.23%
Treasuries 2.47 -0.01 -0.40%
Data as of 5:58am ET
Company Price Change % Change
Bank of America Corp... 15.52 0.03 0.19%
General Electric Co 25.98 -0.48 -1.81%
EMC Corp 28.33 1.35 5.00%
Facebook Inc 69.40 2.99 4.50%
Apple Inc 93.94 0.85 0.91%
Data as of Jul 21
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.26%4.24%
15 yr fixed3.27%3.31%
5/1 ARM3.45%3.66%
30 yr refi4.23%4.32%
15 yr refi3.25%3.23%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com