U.S. futures and world markets were struggling to pull out of their earlier slump as traders eyed the latest batch of third quarter earnings.
Procter & Gamble (Fortune 500) announced that its sales and profit rose in the quarter, as expected, and their shares slipped in premarket trading. , UPS (Fortune 500) shares rose after the company reported quarterly income that exceeded forecasts. ,
It's a relatively light day for economic news. The Census Bureau will release its durable goods orders at 8:30 a.m. ET, while the University of Michigan and Thomson Reuters issue their consumer sentiment survey at 9:55.
Major U.S. indexes remain on course for weekly gains. Upbeat earnings reports, along with hopes that the Federal Reserve will delay winding back its massive bond-buying program, have helped buoy stocks.
U.S. stocks finished higher Thursday.
Twitter revealed that it plans to raise upwards of $1.4 billion in its initial public offering, selling 70 million shares at between $17 and $20 per share.
European markets were mostly higher in morning trading, with modest gains after the U.K.'s third quarter GDP report met expectations.
Stocks in Asia were hit by a weaker yen and concerns over tighter liquidity in China. Japan's Nikkei declined 2.8%, while the Shanghai Composite and Hang Seng also closed lower.
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