US stock futures point lower at end of the week

Associated Press
FILE - Traders Daniel Leporin, left, and Michael Urkonis work on the floor of the New York Stock Exchange in this April 23, 2014 file photo. Global stocks tumbled Friday April 25, 2014 after tensions over Ukraine mounted and Standard & Poor's cut Russia's credit rating, warning of capital flight and risks to investment due to the crisis. (AP Photo/Richard Drew, File)

NEW YORK (AP) — U.S. stock futures headed lower Friday following disappointing earnings reports from Ford Motor and other big companies. The stock market was still on track to end the week with a slight gain.

KEEPING SCORE: A half hour before the opening bell, Dow Jones industrial average futures were down 55 points, or 0.3 percent, to 16,376. Standard & Poor's 500 index futures sank six points, or 0.3 percent, to 1,868 and the technology-heavy Nasdaq futures fell 20 points, or 0.5 percent, to 3,566.

The broad-market S&P 500 index, the most widely used benchmark for stock funds, has gained 0.7 percent this week.

FORD: Ford Motor Co. reported earnings early Friday that fell short of Wall Street's expectations. Worldwide sales rose 6 percent in the first quarter, buoyed by growing strength in Asia and Europe. But a sales drop in North America pinched the company's profit. The carmaker's shares dropped 33 cents, or 2 percent, to $15.99 in premarket trading.

AMAZON: Shares in Amazon, the world's largest online store, sank $19.51, or almost 6 percent, to $317.64 in premarket trading. The company reported an increase in first-quarter profit late Thursday, but it said that spending on investments will likely lead to an operating loss in the second quarter.

ABROAD: In Europe, the FTSE 100 index of leading British shares was down 0.2 percent. Germany's DAX fell 1 percent while the CAC-40 in France was down 0.4 percent.

OTHER MARKETS: Prices for U.S. government bonds were higher, pushing the yield on the 10-year note down to 2.66 percent from 2.68 percent late Thursday. Yields fall when bond prices rise. The price of oil slipped 55 cents to $101.39.