US pre-open: Futures in the red following disappointing tech earnings

Wall Street futures were in the red ahead of the bell on Friday following disappointing guidance from tech giant Amazon overnight.

As of 1210 BST, Dow Jones futures were down 0.14%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.63% and 1.08% lower, respectively.

The Dow closed 194.17 points higher on Thursday, reversing some of its earlier gains but still outperforming its two-point rise on Wednesday.

In terms of earnings, e-commerce and web services conglomerate Amazon warned of holiday disappointment in its earnings release, with quarterly profit falling despite growing revenue, while Apple joined the march of disappointments after coming in short of forecasts on sales of its flagship iPhone range.

Elsewhere, shares in chipmaker Intel rocketed after the company posted a beat on quarterly earnings and laid out plans for billions of dollars worth of cost cuts.

On Friday, Chevron, Exxon Mobil and Colgate-Palmolive will all report earnings throughout the course of the day.

On the macro front, September's PCE price index will be published at 1330 BST, while the University of Michigan's October consumer sentiment index and pending homes sales data for September will follow at 1500 BST.

Reporting by Iain Gilbert at Sharecast.com