Wall Street futures pointed moderately higher pre-bell Friday as traders digested the earnings season and Thursday's stronger-than-expected national retail sales report. In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.4%, and the Dow Jones was steady. Asian exchanges traded mostly higher overnight on hopes for boosted Beijing stimulus after tempered official Q3 economic reports.
China's gross domestic product (GDP) gained 4.6% year on year, which is below Beijing's 5% annual target. European bourses tracked moderately north midday on the continent. Gold and bitcoin were tracking near record zeniths in pre-bell hours. Comerica ($CMA) traded up 1% pre-bell after the lender reported Q3 adjusted earnings and revenue that fell from a year earlier but topped expectations of analysts surveyed by Capital IQ.
Fifth Third Bancorp ($FITB) traded down 0.8% pre-bell, following the bank's Q3 earnings and revenue that were down year on year and missed expectations. Netflix ($NFLX) traded up 6.5% pre-bell after the streaming giant reported strong Q3 results and issued solid guidance late Thursday. On the economic calendar, the housing starts and permits bulletin for September is set for release at 8:30 am ET.
The Baker Hughes domestic oil-and-gas rig count will post at 1 pm. Atlanta Federal Reserve President Raphael Bostic is scheduled to speak at 9:30 am and 12:30 pm, Minneapolis Fed President Neel Kashkari at 10 am, and Governor Christopher Waller at 12:10 pm. In premarket action, Bitcoin traded at $67,867, West Texas Intermediate crude oil traded lower at $70.32, and 10-year US Treasuries offered 4.10%.
Spot gold traded for $2,712 an ounce..