U.S. stock futures signal pause in sharp sell-off

* U.S. stock index futures pointed to a slightly higher open
on Wall Street on Friday, following the previous session’s steep
sell-off, with futures for the S&P 500 (SPc1: ) up 0.4 percent,
Dow Jones (DJc1: ) futures up 0.29 percent and Nasdaq 100 (NDc1: )
futures up 0.15 percent at 0800 GMT.

* U.S. shares tumbled nearly 4 percent on Thursday on
growing fears the euro zone’s efforts to tackle its sovereign
debt crisis will fall short, jeopardising the global economic
recovery.

* European shares resumed their sharp retreat on Friday,
down 1.2 percent in morning trade with banks such as HSBC
(HSBA.L: ) and UBS (UBSN.VX: ) featuring among the top losers [.EU],
while Japan’s Nikkei average posted its biggest weekly drop in
more than a year on Friday. [.T]

* Germany is poised to approve on Friday the lion’s share of
a $1 trillion safety net for financially troubled euro zone
nations as an EU task force looks to toughen regulations within
the bloc blighted by a debt crisis that has cast a pall over
global economic health. [ID:nSGE64K06K]

* The U.S. Senate approved a sweeping Wall Street reform
bill on Thursday night, capping months of wrangling over the
biggest overhaul of financial regulation since the 1930s.
[ID:nN20244272]

* Dell (DELL.O: ) will be in the spotlight after its quarterly
sales and profit beat expectations but its gross margin fell
short of analysts’ forecasts and the computer maker warned that
components supply will remain tight [ID:nN20149934]. Shares of
Dell traded in Frankfurt (DELL.F: ) were down 4.2 percent.

* Gap Inc (GPS.N: ) said on Thursday it sees margin expansion
in 2010 as it posted slightly better-than-expected quarterly
results [ID:nN20231387]. Shares of GAP traded in Frankfurt
(GAP.F: ) were down 4.5 percent.

* Web search group Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) on Thursday showed
off a risky attempt to marry the Web to television and reach the
$70 billion TV advertising market, chasing a dream that has
eluded even archrival Apple Inc (Read more about Apple stock future.). [ID:nN20140090]

* Foot Locker’s (FL.N: ) first-quarter results beat market
expectations, boosted by robust margins and leaner inventory,
sending the athletic shoe retailer’s shares up 6 percent in
after-market trade. [ID:nSGE64J0LX]

* Salesforce.com Inc (CRM.N: ) issued a full-year profit
outlook at the low end of Wall Street projections as the
Web-based software maker plans to increase spending to fuel
sales growth.

* U.S. oil prices dropped to near $70 on Friday, after
falling the previous day for a seventh time in eight sessions,
on unabated fears that Europe’s debt crisis could hurt global
economic growth and slow energy demand. [ID:nSGE64K06D]

* Credit card network Visa Inc (V.N: ) said it was
disappointed with an amendment that was passed along with the
U.S. Senate financial regulation bill late on Thursday that
would limit interchange fees. [ID:nSGE64K03L]

* The Dow Jones industrial average (.DJI: ) dropped 376.36
points, or 3.60 percent, to end at 10,068.01. The Standard &
Poor’s 500 Index (.SPX: ) slid 43.46 points, or 3.90 percent, to
1,071.59. The Nasdaq Composite Index (.IXIC: ) lost 94.36 points,
or 4.11 percent, to 2,204.01.

Stock Market News

(Reporting by Blaise Robinson; Editing by Erica Billingham)

U.S. stock futures signal pause in sharp sell-off