Stocks tread water as earnings roll in

The Nasdaq got a big boost from rallying Facebook shares Thursday, but the Dow and S&P 500 were little changed.

NEW YORK (CNNMoney)

U.S. stock futures were little changed in premarket trading.

Companies including private equity firm KKR (KKR) and pipeline operator TransCanada (TRP) are set to report quarterly results before the opening bell Friday.

At 9:55 a.m. ET, the University of Michigan and Thomson Reuters will release data on consumer sentiment.

Related: Fear & Greed Index

U.S. stocks finished mixed Thursday, with the Nasdaq closing higher following a rally in tech shares led by Facebook (FB).

But investors largely lacked conviction to push the broader market in any one direction, and the Dow Jones Industrial Average and S&P 500 hovered around breakeven.

Zynga (ZNGA) shares tumbled in after-hours trading Thursday after the online gaming company issued a weak outlook for the third quarter.

Amazon (AMZN, Fortune 500) shares also fell after the retailer posted a surprise loss.

Starbucks (SBUX, Fortune 500) shares rose after the coffee giant delivered better-than-expected quarterly earnings and sales.

European markets were also mixed in morning trading, though two companies -- Pearson (PSO) and LVMH (LVMHF) -- rose by roughly 5% each after posting better-than-expected earnings.

In Asia, Japan's benchmark Nikkei index fell by 3% as the yen strengthened. Japan's inflation turned positive for the first time in a year, a sign that Abenomics is taking hold.

The performance on Chinese indexes was more muted. Hong Kong's Hang Seng index rose by 0.2% and the Shanghai Composite index declined by 0.5%.

First Published: July 26, 2013: 4:51 AM ET

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