After turning in a lackluster performance in the previous session, stocks may move modestly lower in early trading on Friday. The major index futures are pointing to a moderately lower open for the markets, with the Dow futures down by 39 points.
Lingering concerns about Europe may contribute to early weakness on Wall Street amid a relatively light day in terms of U.S. economic data and corporate news.
Trading activity is likely to be subdued, however, as many traders will be looking to get a head start on the long Memorial Day weekend.
Not long after the open, trading could be impacted by the release of Reuters and the University of Michigan's revised report on U.S. consumer sentiment in May. The index is expected to be unrevised from the mid-month reading of 77.8.
Among individual stocks, Verifone (PAY) may see early weakness after the electronic payments company reported better than expected second quarter earnings but forecast full year results toward the low end of estimates.
by RTT Staff Writer
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