U.S. stock futures signal losses; eyes on GE, BofA

* U.S. stock index futures pointed to a lower open on Wall
Street on Friday, with equities poised to reverse recent strong
gains after Google’s (GOOG.O: ) results, and ahead of General
Electric (GE.N: ) and Bank of America (BAC.N: ) earnings.

* At 0800 GMT, futures for the S&P 500 (SPc1: ) were down 0.36
percent, Dow Jones (DJc1: ) futures were down 0.27 percent and
Nasdaq 100 (NDc1: ) futures were down 0.32 percent.

* Google posted a 23 percent jump in quarterly revenue on a
rebound in Web advertising, but its stock fell 5 percent as the
company disappointed some investors accustomed to blowout
results. [ID:nLDE63F04F] Google shares traded in Frankfurt
(GOOGa.F: ) were down 4.2 percent.

* Advanced Micro Devices Inc (AMD.N: ) reported
better-than-expected first-quarter revenue as PC and server
spending rebounded, but investors cashed out of a rally
triggered by stellar Intel Corp (INTC.O: ) results. [ID:nN1593138]
Shares of AMD (AMD.F: ) traded in Frankfurt were down 4.1 percent.

* Continental Airlines Inc (CAL.N: ) has restarted merger
talks with UAL Corp’s (UAUA.O: ) United Airlines, two years after
walking away from almost sealing a deal, a source briefed on the
matter said on Thursday. [ID:nN15247749]

* Companies scheduled to report quarterly results on Friday
include General Electric (GE.N: ), Bank of America (BAC.N: ), Mattel
(MAT.O: ) and First Horizon National (FHN.N: ). Economic indicators
on tap for Friday include March housing starts and University of
Michigan sentiment data for April.

* Tech shares will also be in focus after mobile phone maker
Sony Ericsson (ERICb.ST: ) (6758.T: ) swung to a surprise
first-quarter pretax profit on Friday as its push into the
growing smartphone market and hefty cost cuts boosted margins.
[nLDE63F0AA]

* U.S. crude dropped to below $85 on Friday as concerns
about U.S. demand re-emerged and the dollar strengthened, making
imports more expensive for emerging economies where consumption
is surging.

* Japan’s Nikkei average lost 1.5 percent on Friday, putting
in its lowest close in nearly three weeks, while European shares
were down 0.2 percent in morning trade, with shares in airlines
and airport operators under pressure as a huge ash cloud from an
Icelandic volcano caused air travel chaos across Europe and
beyond, leaving hundreds of thousands of passengers stranded.
[ID:nSGE63F02E]

* U.S. stocks (Read more about the stock market today. ) posted their sixth straight day of gains on
Thursday as an encouraging profit forecast from United Parcel
Service (UPS.N: ) lifted transportation shares, though concerns
about a rise in weekly jobless claims limited the market’s
advance.

* The Dow Jones industrial average (.DJI: ) rose 21.46 points,
or 0.19 percent, to end at 11,144.57. The Standard & Poor’s 500
Index (.SPX: ) edged up 1.02 points, or 0.08 percent, to 1,211.67.
The Nasdaq Composite Index (.IXIC: ) gained 10.83 points, or 0.43
percent, to close at 2,515.69.

Stock Market Today

(Reporting by Blaise Robinson; editing by Simon Jessop)

U.S. stock futures signal losses; eyes on GE, BofA