Wall St futures point to higher open after falls

* Futures for the Dow Jones industrial average (DJc1: ), the
S&P 500 (SPc1: ) and the Nasdaq 100 (NDc1: ) rose 0.2 to 0.3
percent, pointing to a higher start on Wall Street on Friday
after sharp declines in the previous session.

* Economic Cycle Research Institute (ECRI) releases at 1430
GMT its weekly index of economic activity for the week ended
Aug. 13. In the prior week the index read 122.4.

* Three privately owned U.S. natural gas operators,
potentially worth a combined $5.5 billion, are up for sale and
looking to tap into major energy companies’ demand for shale
gas, the Wall Street Journal said. [ID:nSGE67J08X]

* BP Plc (BP.L: ) (BP.N: ) likely won’t put the final plug in
its blown-out Gulf of Mexico oil well until September to allow
replacement of a critical piece of seabed equipment, the top
U.S. oil spill official said on Thursday. [ID:nN1998215]

* Dell Inc (DELL.O: ) and Hewlett-Packard Co (HPQ.N: ) dismissed
worries about weakening technology demand, reporting broad-based
strength from corporate customers and only hints of weakness
from consumers.

Both faced questions on Thursday about the strength of the
recovery in spending on technology, after Cisco Systems Inc
(CSCO.O: ) CEO John Chambers’ warned last week about “unusual
uncertainty” in the global economy. [ID:nN1298256]

* Hormel Foods (HRL.N: ), maker of Spam lunch meat, is due to
report third-quarter results.

* U.S. stocks (Read more about the stock market today. ) tumbled to their lowest close in nearly a
month on Thursday as the latest batch of data amplified concerns
the economy is stuck in neutral.

* The Dow Jones industrial average (.DJI: ) dropped 144.33
points, or 1.39 percent, to 10,271.21. The Standard & Poor’s 500
Index (.SPX: ) fell 18.53 points, or 1.69 percent, to 1,075.63 for
its lowest close since July 21. The Nasdaq Composite Index
(.IXIC: ) lost 36.75 points, or 1.66 percent, to 2,178.95.

* Japan’s Nikkei average fell 2 percent on Friday, hit by
weak U.S. economic data that sent the dollar slipping back
towards a 15-year low, as well as worries about what, if any,
steps the Japanese government might take to stem the recent yen
rise.

* European stocks dipped in early trade on Friday, down for
the third straight day and tracking U.S. and Asian losses after
poor U.S. data brought back fears of a double-dip recession at
the forefront of investors’ minds.

* Shares of Aeropostale (ARO.N: ) slipped 1 percent after the
bell on Thursday as it posted results.

* Intuit Inc (INTU.O: ) shares gained 5.7 percent in extended
trade on Thursday after the company posted fourth-quarter
earnings and provided guidance for 2011. [ID:nASA00OCL]
(Reporting by Atul Prakash; Editing by Jon Loades-Carter)

Wall St futures point to higher open after falls