Top Stories
Top Stories
US Markets

Dow futures fall 100 points ahead of Fed speakers; oil erases gains

Andrew Renneisen | Getty Images

U.S. stock index futures pointed to a lower open on Friday as traders digested several big earnings reports and anticipated comments from Federal Reserve speakers.

On the earnings front, General Electric and Honeywell posted results before the open, with GE beating earnings expectations but falling short of sales estimates. GE also narrowed its 2016 earnings guidance. Honeywell, meanwhile, beat consensus on both lines. McDonald's also reported better-than-expected results.

On Thursday after the close, Microsoft posted better-than-expected results. The tech giant's stock was on pace to open at a new all-time high.

In oil markets, Brent crude traded at $51.41 a barrel on Friday, up 0.06 percent, while U.S. crude was around $50.48 a barrel, down 0.3 percent. Both Brent and WTI had traded higher earlier on Friday.

Fed Governor Daniel Tarullo is set to speak at the Columbia Law School Conference in New York at 10:15 a.m. ET. San Francisco Fed President John Williams is due to speak at 2:30 p.m. ET at the Federal Home Loan Bank's Member Conference in San Francisco.

In Europe, the pan-European Stoxx-600 index was 0.11 percent higher. In Asia, Japan's Nikkei closed 0.30 percent lower. The Shanghai Composite in China closed 0.22 percent higher.