US equities futures were lower early Friday as investors eyed growing tension between the US and North Korea after President Donald Trump announced new sanctions to cut off funding for the country, and Kim Jong Un responding, calling Trump “deranged” and that he will “pay dearly.”
– The S&P 500 future was down 0.16% recently, the Dow was down 0.12% and Nasdaq was down 0.24%.
– Crude oil futures were lower with West Texas Intermediate crude oil for delivery in November down 0.1% at $50.51 and Brent crude down 0.2% at $56.32. Baker Hughes releases the weekly North American rig count at 1 pm ET.
– In economic data, the PMI Composite Flash index is released at 9:45 am, followed by the Atlanta Fed Business Inflation Expectations survey at 10 am. San Francisco Federal Reserve Bank President John Williams speaks at 6 am, followed by Kansas City Fed President Esther George at 9:30 am and then Dallas Fed President Robert Kaplan at 1:30 pm.
– Companies reporting earnings Friday morning include CarMax (KMX) and The Finish Line (FINL)