U.S. stock futures point to lower Wall Street open

* Futures for the Dow Jones industrial average (DJc1: ), the
S&P 500 (SPc1: ) and the Nasdaq 100 (NDc1: ) fell 0.2 to 0.3
percent at 0854 GMT, pointing to a weaker start on Wall Street
on Friday.

* At 1230 GMT, Commerce Dept releases April retail sales.
Economists in a Reuters survey expect a 0.2 percent rise
compared with a 1.9 percent increase in March. Excluding
automobiles, sales are seen up 0.4 percent compared with a 0.9
percent rise in the prior month.

* Department store operator JC Penney (JCP: ) is scheduled to
announce results. Wall Street has priced in earnings of
25 cents per share for the April quarter, up from 11 cents per
share a year ago.

* Federal Reserve releases at 1315 GMT industrial production
and capacity utilization data for April. Economists in a Reuters
survey expect a 0.6 percent rise in production and a reading of
73.7 percent for capacity utilization.

* Reuters/University of Michigan Surveys of Consumers
release at 1355 GMT the May preliminary consumer sentiment
index. Economists in a Reuters survey expect a reading of 73.5
compared with 72.2 in the final April report.

* Political pressure mounted on Friday for BP (BP.L: ) to show
progress plugging a massive oil leak while residents of coastal
Florida, Mississippi and Alabama learned the growing pool of oil
from the leak would not strike their beaches before late on
Saturday. [ID:nN14273981]

* U.S. prosecutors are conducting a broad criminal
investigation of six major Wall Street banks, including JPMorgan
Chase & Co (JPM.N: ) and Citigroup Inc (C.N: ), to determine if they
misled investors, a person familiar with the matter said on
Thursday. [ID:nLDE64C0N0] The others are Deutsche Bank AG
(DBKGn.DE: ), UBS AG (UBSN.VX: )(UBS.N: ), Morgan Stanley (MS.N: ) (Read more about the money market today. ) and
Goldman Sachs Group Inc (GS.N: ), the source said.

* At 1400 GMT, U.S. Commerce Dept issues Business
Inventories for March. Economists expect a rise of 0.4 percent
versus a 0.5 percent rise in the prior month.

* At 1430 GMT, Economic Cycle Research Institute (ECRI)
releases its weekly index of economic activity for the week
ended May 7. In the prior week the index read 134.7.
* The euro languished near a 14-month low versus the dollar
and European shares fell on Friday on speculation that fiscal
austerity in some euro zone countries may stifle economic
growth.

* The FTSEurofirst 300 (.FTEU3: ) index of top European shares
was down 1.3 percent in morning trade on Friday, while Japan’s
Nikkei average (.N225: ) lost 1.5 percent.

* Resource-related stocks will be in focus as U.S. crude oil
tumbled to a three-month low below $74 a barrel on Friday on
concerns that the European debt crisis would curb global growth
and energy demand.

* Gold priced in euros, sterling and Swiss francs hit record
highs on Friday, with risk-averse investors seeking hard assets.

* Nvidia Corp (NVDA.O: ) shares fell 2.4 percent to $14.30 in
extended trade on Thursday after the graphics chip maker posted
first-quarter earnings and gave second-quarter guidance.
[ID:nWNAB0528]

* Nordstrom Inc (JWN.N: ) shares slipped 2.2 percent to $40.40
late in the previous session after the upscale retailer posted
first-quarter earnings and provided guidance for its full-year
2010. [ID:nASA00D5J]

* U.S. stocks (Read more about the stock market today. ) fell on Thursday as downbeat comments on the
economy from tech company Cisco Systems Inc (CSCO.O: ) and retail
chain Kohl’s Corp (KSS.N: ) cast doubt on the strength of the U.S.
recovery.

The Dow Jones industrial average (.DJI: ) dropped 113.96
points, or 1.05 percent, to end at 10,782.95. The Standard &
Poor’s 500 Index (.SPX: ) fell 14.23 points, or 1.21 percent, to
1,157.44. The Nasdaq Composite Index (.IXIC: ) lost 30.66 points,
or 1.26 percent, to close at 2,394.36.

Investment Tools

(Reporting by Atul Prakash; Editing by Hans Peters)

U.S. stock futures point to lower Wall Street open