U.S. stock futures pointed to a higher open Friday, with investors set for another heavy round of corporate earnings reports, which could help the Dow return to record territory.
Investors now have in hand results from General Electric and Honeywell, and they have a stack of late Thursday reports to assess from Starbucks, Visa and others. In general, reported corporate earnings continue to exceed expectations.
Dow Jones Industrial Average futures rose 32 points, or 0.2%, to 18,466.00, while S&P 500 futures advanced 4.10 points, or 0.2%, to 2,162. Nasdaq-100 futures gained 6 points, or 0.1%, to 4,644.25.
On Thursday, the Dow snapped a nine-session string of gains and ended a streak of all-time closing highs at seven. That came in part as chip maker Intel Corp. (INTC) sank 4% on a disappointing quarterly revenue result. The Dow's run of record highs and winning streak were the longest since March 2013.
"Stock markets entered a slippery decline during trading on Thursday, as the terrible combination of disappointing earnings, central bank inaction and recurrent concerns over the global economy weighed heavily on sentiment," said Lukman Otunuga, FXTM research analyst, in a note.
Thursday's "declines in global stocks should be no surprise...most major markets are tired," he said.
The S&P on Thursday dropped 7.85 points, or 0.4%, to 2,165.17, pulling back from Wednesday's record closing high. The Nasdaq-100 lost 16.03 points, or 0.3%, to 5,073.90.