Stocks: Steady ahead for now

August 30, 2013: 6:51 AM ET
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NEW YORK (CNNMoney)

U.S. stock futures were treading water early Friday at the end of a week overshadowed by the threat of a U.S. led-military strike on Syria.

Friday is expected to be a quiet trading day before the three-day Labor Day weekend, but investors are waiting for a few economic reports.

Data on U.S. personal income and spending in July will be released at 8:30 a.m ET, and the University of Michigan will release its latest consumer confidence survey at 9:55 a.m.

Concerns over Syria have for now receded, contributing to a relatively placid mood in the markets. The possibility of military action sparked market volatility earlier.

Related: Fear & Greed Index

General Electric (GE) shares rose 1.2% in premarket trading Friday after The Wall Street Journal reported that the firm is preparing to spin off its retail lending business.

Salesforce.com (CRM)shares were up 7.7% premarket after the company reported better-than-expected quarterly sales and income Thursday afternoon. Krispy Kreme (KKD) shares were down 11% after the donut maker missed earnings estimates and lowered its full-year guidance Thursday.

U.S. stocks closed higher Thursday on better-than-expected readings on U.S. gross domestic product and initial jobless claims.

European markets were shifting lower in midday trading, with Germany's Dax and France's CAC 40 dropping by nearly 0.6%. The United Kingdom's FTSE 100 was down 0.4%.

Asian markets ended the week with some tepid moves. Both the Hang Seng and Shanghai Composite index were essentially flat at the close. Japan's Nikkei lost 0.5%.

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Index Last Change % Change
Dow 16,943.81 28.74 0.17%
Nasdaq 4,415.49 19.29 0.44%
S&P 500 1,967.57 2.89 0.15%
Treasuries 2.52 -0.01 -0.47%
Data as of 5:39am ET
Company Price Change % Change
Bank of America Corp... 15.38 -0.06 -0.39%
General Electric Co 26.55 0.35 1.34%
Wells Fargo & Co 51.49 -0.32 -0.62%
Genworth Financial I... 16.62 -0.44 -2.58%
Cisco Systems Inc 25.52 0.08 0.31%
Data as of Jul 11
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15 yr fixed3.33%3.28%
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