U.S. stock index futures fell early on Friday, as the rocky ride in global markets continued.
Dow Jones industrial average futures declined more than 150 points and trimmed losses to briefly trade less than 100 points lower, after
Bond yields edged lower after the 8:30 a.m., ET, data release. The U.S. 10-year Treasury note yield traded near 2.14 percent, while the 2-year yield was 0.68 percent.
Personal income and spending is the Federal Reserve's preferred measure of inflation. June consumption was revised slightly higher to 0.3 percent from 0.2 percent.
The major averages closed Thursday more than 2 percent higher.
With gains on Wednesday and Thursday, the S&P had its best two days since March 2009 and the Dow had its best two days since December 2008, according to Howard Silverblatt of S&P Dow Jones Indices. Still, he noted the S&P 500 has lost $1.02 trillion in the last eight days.