Stocks: 4 things to know before the open

S&P futures 2014 10 24
Click chart for in-depth premarket data.

Look out below!

Shares in Amazon are set to take a dive, and the overall market looks set to drift lower.

Here are the four things you need to know before the opening bell rings in New York:

1. Amazon disappoints: Investors are getting fed up with the constant stream of losses at Amazon (AMZN). Shares in the online retailer fell by about 10% premarket after the company reported a loss of $437 million in the last quarter, even though revenue was up 20%.

2. Market moves: U.S. stock futures were edging lower ahead of the start of trading after stock markets rallied the previous session. On Thursday, the Dow Jones industrial average jumped by 1.3%, the Nasdaq rose by 1.6% and the S&P 500 added 1.2%.

European markets were all dipping lower in early trading. Asian markets ended mixed. The standout performer was the Nikkei in Japan, which rose by 1% after a volatile week.

Related: Fear & Greed Index

3. Earnings: The flow of quarterly results continues into Friday. Ford (F), Bristol-Myers (BMY), Shire (SHPG), Colgate-Palmolive (CL) and Procter & Gamble (PG) are all set to report ahead of the open.

Meanwhile, investors are pushing Microsoft (MSFT) shares up by 3% premarket in reaction to the company's latest earnings.

4. Economics: The U.S. Census Bureau will release monthly data on new home sales for September.

In the U.K., preliminary data show the British economy slowed a bit in the third quarter compared to the second. GDP grew by 0.7%, which was roughly in line with expectations, and by 3% over the same period last year.

Domino's recipe for success
Domino's recipe for success

CNNMoney Sponsors