Stocks to open lower

  @CNNMoneyInvest October 19, 2012: 8:28 AM ET
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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, Fortune 500) reported quarterly earnings Friday morning that fell short of expectations, sending shares more than 1% lower in premarket trading. Honeywell (HON, Fortune 500) posted third-quarter profit that topped forecasts, but revenue disappointed. Shares slipped 1%.

McDonald's (MCD, Fortune 500) 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, Fortune 500) shares slipped 2% in premarket trading, after the company reported flat third-quarter sales late Thursday.

Sandisk (SNDK, Fortune 500) 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. To top of page



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