US pre-open: Futures in the red after Apple and Amazon earnings disappoint

Wall Street futures had stocks opening lower ahead of the bell on Friday after both Apple and Amazon posted disappointing earnings overnight.

As of 1230 BST, Dow Jones futures were down 0.12%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.49% and 0.87% softer, respectively.

The Dow Jones closed 239.79 points higher on Thursday following the release of several key data points and a number of earnings reports from big-name US firms.

In focus early on Friday, Amazon shares were in the red after the e-commerce behemoth posted quarterly earnings and revenue that fell well and truly short of expectations and also issued disappointing guidance for the all-important holiday period.

Apple shares were also heading south in the pre-market after the iPhone maker's quarterly revenues missed expectations on the back of larger-than-expected supply constraints on its devices, marking the first time the company's revenues missed estimates since 2017.

Elsewhere, Treasury Secretary Janet Yellen said she was hopeful that the White House's infrastructure package will be approved shortly and added that she does not think it will exacerbate inflation problems seen in the US.

"It will boost the economy's potential to grow, the economy's supply potential, which tends to push inflation down, not up," Yellen told CNBC.

On the macro front, September's PCE price index will be released at 1330 BST, while October's Chicago PMI and the University of Michigan's October consumer sentiment index will follow at 1445 BST and 1500 BST, respectively.

No major corporate earnings were slated for release on Friday.

Dow Jones - Risers

Merck & Co. Inc. (MRK) $86.55 6.14%
Caterpillar Inc. (CAT) $204.09 4.06%
Apple Inc. (AAPL) $152.57 2.50%
JP Morgan Chase & Co. (JPM) $170.36 1.51%
Nike Inc. (NKE) $164.46 1.30%
McDonald's Corp. (MCD) $245.50 1.14%
Travelers Company Inc. (TRV) $161.57 1.12%
Salesforce.Com Inc. (CRM) $298.38 1.09%
Dow Chemical Co. (DOW) $56.57 1.02%
Chevron Corp. (CVX) $113.12 0.94%

Dow Jones - Fallers

Visa Inc. (V) $209.84 -2.75%
American Express Co. (AXP) $174.61 -1.92%
Johnson & Johnson (JNJ) $162.85 -0.54%
Home Depot Inc. (HD) $371.75 -0.20%
Walgreens Boots Alliance, Inc. (WBA) $47.10 -0.04%
Dowdupont Inc. (DWDP) $30.52 0.00%
Honeywell International Inc. (HON) $230.94 0.00%
Walt Disney Co. (DIS) $169.68 0.08%
Cisco Systems Inc. (CSCO) $56.24 0.11%
Amgen Inc. (AMGN) $207.17 0.29%

S&P 500 - Risers

Smith A O Corp. (AOS) $70.68 10.02%
Fluor Corp. (FLR) $19.81 9.09%
Ford Motor Co. (F) $16.86 8.70%
Albemarle Corp. (ALB) $246.16 6.24%
Merck & Co. Inc. (MRK) $86.55 6.14%
Regeneron Pharmaceuticals Inc. (REGN) $625.19 6.04%
T. Rowe Price Group Inc. (TROW) $215.38 5.66%
United Rentals Inc. (URI) $367.18 5.65%
Gap Inc. (GPS) $22.97 5.51%
Extra Space Storage (EXR) $193.72 5.30%

S&P 500 - Fallers

Flowserve Corp. (FLS) $32.93 -8.55%
Northrop Grumman Corp. (NOC) $358.64 -7.60%
eBay Inc. (EBAY) $72.41 -6.76%
Altria Group Inc. (MO) $44.58 -6.15%
Teleflex Inc. (TFX) $347.36 -5.16%
Everest Re Group Ltd. (RE) $267.40 -4.56%
Newmont Corporation (NEM) $54.92 -4.55%
Baxter International Inc. (BAX) $78.65 -4.06%
O'Reilly Automotive Inc. (ORLY) $624.80 -4.02%
Visa Inc. (V) $209.84 -2.75%

Nasdaq 100 - Risers

Biomarin Pharmaceutical Inc. (BMRN) $78.20 9.04%
Regeneron Pharmaceuticals Inc. (REGN) $625.19 6.04%
Align Technology Inc. (ALGN) $631.80 4.54%
Qurate Retail Inc. (QRTEA) $10.28 4.37%
KLA-Tencor Corp. (KLAC) $355.34 4.34%
PACCAR Inc. (PCAR) $89.40 4.23%
Tesla Inc (TSLA) $1,077.04 3.78%
Western Digital Corp. (WDC) $57.28 3.24%
Applied Materials Inc. (AMAT) $136.02 2.92%
Microchip Technology Inc. (MCHP) $74.43 2.85%

Nasdaq 100 - Fallers

eBay Inc. (EBAY) $72.41 -6.76%
O'Reilly Automotive Inc. (ORLY) $624.80 -4.02%
Vodafone Group Plc ADS (VOD) $15.23 -2.18%
Charter Communications Inc. (CHTR) $706.27 -1.15%
Wynn Resorts Ltd. (WYNN) $90.78 -1.10%
Comcast Corp. (CMCSA) $51.90 -1.03%
Dish Network Corp. (DISH) $41.21 -0.51%
Cognizant Technology Solutions Corp. (CTSH) $77.32 -0.50%
T-Mobile Us, Inc. (TMUS) $116.04 -0.50%
NetEase Inc. Ads (NTES) $99.98 -0.37%