Stocks subdued after recent gains

Written By limadu on Jumat, 15 Februari 2013 | 04.32

Click chart for more premarket data.

NEW YORK (CNNMoney)

At 8:30 a.m. ET, the New York branch of the Federal Reserve will release its monthly survey of manufacturers in the state. The Census Bureau will publish data on industrial production at 9:15, while the University of Michigan will release a report on consumer sentiment at 10:00.

In corporate news, firms including Kraft Foods (KRFT) and J.M. Smucker (SJM, Fortune 500)release their results before the opening bell.

U.S. stock futures were lower. Even after recent dips, the Dow is still within 1.6% of its all-time high, hit in October 2007, and the S&P 500 is about 4% shy of its record high, also set in October 2007. All three indexes are up between 5% and 7% for the year.

About 65% of the companies in the S&P 500 that had reported fourth-quarter earnings as of Thursday topped analysts' expectations, according to S&P Capital IQ. But the bulk of companies that have issued guidance for the first quarter have had negative outlooks.

Fear & Greed Index

U.S. stocks finished mostly flat Thursday as concerns about the European economy weighed on sentiment.

Shares of nutritional supplements company Herbalife (HLF) surged over 20% in premarket trading Friday after activist investor Carl Icahn disclosed a 13% stake in the firm on Thursday.

European markets were flat to slightly weaker in morning trading, and Asian markets ended mixed.

Japan's Nikkei lost 1.2% and but Hong Kong's Hang Seng gained 0.13%. The Shanghai exchange was closed for the Lunar New Year holiday. To top of page

First Published: February 15, 2013: 4:53 AM ET


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