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NEW YORK (CNNMoney) -- U.S. stock futures were dragged lower by tech earnings on Friday, ahead of key U.S. economic reports.
Apple (AAPL, Fortune 500) shares were flat in premarket trading after the company reported quarterly results late Thursday that missed expectations, despite predictions for a strong fourth quarter. Additionally, Amazon (AMZN, Fortune 500) reported a narrower-than-expected loss but missed on sales. Shares slid almost 2% in early trading.
Friday brings more corporate earnings from firms including Merck (MKGAY) and Comcast (CCZ)before the bell.
Meanwhile, investors will get a fresh look at the pace of the U.S. recovery when the government releases its first estimate of third-quarter GDP growth at 8:30 a.m. ET. A CNNMoney survey of 17 economists predicts the economy grew at a 1.7% annual rate in the third quarter, up from 1.3% in the second quarter.
Later in the morning, the University of Michigan will release the final version of its consumer sentiment index for October.
U.S. stocks closed with slim gains Thursday.
Fear & Greed Index
European stocks slid in morning trading. Britain's FTSE 100 fell 0.5%, the DAX in Germany lost 0.4% and France's CAC 40 shed 0.5%.
Spain's IBEX 35 was down 1% after government statistics showed Spanish unemployment rose to a record high of 25% in the third quarter.
Meanwhile, Asian markets ended lower. The Shanghai Composite tumbled 1.7%, the Hang Seng in Hong Kong sank 1.2%, and Japan's Nikkei flopped 1.3%.
Currencies and commodities: The dollar was little changed against the euro and the British pound, but rose against the Japanese yen.
Oil for December delivery fell 65 cents to $85.38 a barrel.
Gold futures for December delivery dropped $7.60 to $1,705.50 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.78% from 1.83% late Thursday.
First Published: October 26, 2012: 6:06 AM ET
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