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The S&P 500 closed Thursday at a record high and
was within 0.5 percent of hitting 2,000.
Data on orders for long-lasting U.S. manufactured goods for June
is due at 8:30 a.m. EDT.
Amazon shares tumbled more than 10 percent in premarket trading
after investment in new businesses cut into earnings and the
company reported a much larger-than-expected loss in the second
quarter.
S&P 500 e-mini futures <ESc1> were down 3 points and fair value
- a formula that evaluates pricing by taking into account
interest rates, dividends and time to expiration on the contract
- indicated a lower open. Dow Jones industrial average e-mini
futures <1YMc1> fell 17 points and Nasdaq 100 e-mini futures
<NQc1> lost 11 points.
Visa <V.N> shares fell 2.6 percent in premarket trading after
the world's largest credit and debit card company cut its
revenue forecast for the year.
Pandora Media <P.N> dropped 9 percent before the opening bell,
after it forecast adjusted profit below analysts' estimates for
the current quarter.
On the upside, Baidu <BIDU.O> shares surged 8.7 percent in
premarket trading after China’s biggest Internet search company
blew past Wall Street's targets with a 34.1 percent jump in
quarterly net profit, helped by a surge in mobile revenue.
RF Micro Devices <RFMD.O> rose 6.3 percent in premarket trading
after it forecast quarterly results above market expectations on
higher demand for its chips that connect devices such as Apple's
and Samsung's smartphones to networks.
(Reporting by Rodrigo Campos; Editing by Bernadette Baum)
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