U.S. stocks were set to fall from record highs on Friday after a terror attack in France left more than 80 people dead, overshadowing better-than-expected growth data from China.
Futures for the Dow Jones Industrial Average slipped 12 points, or 0.1%, to 18,415, while those for the S&P 500 index lost 2.20 points, or 0.1%, to 2,155. Futures for the Nasdaq-100 index dropped 7.25 points, or 0.2%, to 4,582.75.
The dip lower came in the aftermath of Thursday night's killing of at least 84 people in Nice, France, when a truck driver barreled through Bastille Day revelers who were gathered at the Promenade des Anglais in the Riviera city.
French President FranÃ§ois Hollande said the scene had "undeniable traits of terrorism," and he extended the country's state of emergency that's been in place since the Paris terrorist attacks in November. The truck driver, believed to be a 31-year old French-Tunisian, was shot dead by the police. No group has claimed responsibility for the attack.
"Better than expected Chinese economic data has driven a continuation of the risk recovery across forex that we have seen in the past few days, whilst gold is still under corrective pressure," said Richard Perry, analyst at Hantec Markets, in a note. "However, following another terrorist attack in France overnight risk appetite is just being held back and there may be a slight shift towards some of the safer haven plays," he added.
Chinese growth data showed the country's gross domestic product grew 6.7% in the second quarter, beating forecasts of a 6.6% reading. The world's second largest economy also expanded at 6.7% in the first quarter.
U.S. stocks on Thursday extended gains, with the S&P 500 index closing at an all-time high for a fourth straight day and the Dow average ending at a record for a third straight session.