US Stock Futures Down Ahead Of Economic Data

US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 31 points to 12,375.00 and S&P 500 index futures fell 3.70 points to 1,306.30. Nasdaq 100 futures dropped 6.75 points to 2,523.75. US stocks closed mixed on Thursday, with the Dow Jones Industrial Average surging 0.37% to 12,460.96, the S&P 500 index dropping 0.01% to 1,314.99 and the Nasdaq 100 index falling 0.48% to 2,831.02. Data on trade deficit for April will be released at 8:30 a.m. ET. However, data on wholesale inventories for April will be released at 10 a.m. ET. KMG Chemicals Inc

is projected to report its FQ3 earnings at $0.33 per share. Piedmont Natural Gas Co

reported a 6% rise in its profit in the fiscal second quarter. Quiksilver Inc

reported narrower fiscal second-quarter loss. McDonald's Corp

is scheduled to report sales figures for May. European markets were lower today. The STOXX Europe 600 Index declined 0.66%, London's FTSE 100 Index moved down 0.68%, French CAC 40 index fell 0.76% and German DAX 30 index dropped 0.51%. Fitch Ratings downgraded Spanish debt to BBB. Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 2.09%, Australia's S&P/ASX 200 moving down 1.09% and China's Shanghai Composite dropping 0.51%. Hong Kong's Hang Seng Index fell 0.94% and India's Sensex surged 0.42%. Crude-oil futures dropped $2.42 to $84.41 a barrel. However, gold futures for August delivery declined 0.6% to $1,578.70. The dollar index (DXY) rose to 82.749 from 82.241 on Thursday.