Stock futures slightly higher after sell
U.S. stock futures were trading flat to slightly higher Friday after Wall Street suffered its worst slide in nearly two months Thursday.
Investors will be closely watching a report on how the economy performed in the second quarter. The government releases its third and final reading on gross domestic product at 8:30 a.m. ET. Economists expect an upward revision to 4.6% from the prior estimate of 4.2%, according to Action Economics.
Thursday's sharp drop was blamed on increasing concerns about the global economy and a growing backlash against problems consumers are reporting with Apple's latest software updates and its new product launches, the iPhone 6 and iPhone 6 Plus. Apple (AAPL) shares were up 0.9% in pre-market trading after falling 3.8% to close Thursday at $97.87.
The Dow closed down 264.26 points, 1.5%, to end below 17,000 at 16,945.80. Throughout most of the day, all 30 stocks in the average traded lower.
The Standard & Poor's 500 index dropped 32.31 points, 1.6%, to finish at 1965.99. And the worst losses of the day were in the tech-packed Nasdaq composite, which ended down 88.47 points, 1.9%, to 4466.75.
Asian stocks sank Friday, weighed down by Thursday's poor session on Wall Street. Japan's benchmark Nikkei 225 index fell 0.9% to 16,229.86 and Hong Kong's Hang Seng index dropped 0.4% to 23,678.41.
European markets turned slightly higher after being down earlier in the trading session. Britain's FTSE was up 0.1% and Germany's DAX index gained 0.2%.
Contributing: David Carrig
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