Nasdaq futures edged lower on Friday after Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple.
At 8:00 a.m. ET, Dow e-minis were up 76 points, or 0.21%, S&P 500 e-minis were up 5.25 points, or 0.12%, and Nasdaq 100 e-minis were down 28.5 points, or 0.18%.
Intel Corp slid 10.3% in premarket trading as it missed third-quarter sales expectations, while its Chief Executive pointed to shortage of other chips holding back sales of the company's flagship processors.
Facebook Inc fell 3.7%, while Twitter Inclost 4.1% after Snap Inc said privacy changes by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising.
Snap plummeted 20.9% on the news and cast doubts over quarterly reports next week from Facebook and Twitter, social media firms that rely heavily on advertising revenue.
Apple rose 0.2%. Other growth stocks including Tesla Inc, Microsoft Corp and Netflix Inc also rose, limiting declines on Nasdaq 100 e-minis .
Mattel Inc jumped 8.2% after it raised its 2021 sales forecast on Thursday, saying it would overcome industry-wide shipping disruptions.
Honeywell International Inc fell 2.1% after the industrial conglomerate cut its full-year sales and adjusted profit forecast on global supply chain disruptions.
In currencies,the euro rose 0.2% to $1.1643,the British pound was little changed at $1.3798,the Japanese yen rose 0.2% to 113.79 per dollar.
In bonds,the yield on 10-year Treasuries declined two basis points to 1.68%,Germany’s 10-year yield advanced one basis point to -0.09%,Britain’s 10-year yield declined one basis point to 1.19%.
In commodities,West Texas Intermediate crude rose 0.7% to $83.07 a barrel,Gold futures rose 0.6% to $1,793.10 an ounce.
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