Futures were rising on Friday after conflicting reports out of Europe suggesting that the ECB could buy sovereign bonds, and U.S. GDP numbers.
The economy grew 1.5% in the second quarter, falling from an upwardly revised 2% growth rate in the first quarter. Fourth quarter 2011 GDP was revised higher, to a growth rate of 4.1% from 3%. Stock futures, which had been rising on European strength, stayed higher after the release.
Dow futures rose 28 points; S&P 500 futures rose 5.5 points.
Chevron (CVX) was trading just a hair lower in pre-market action after posting better than expected earnings but revenue that missed expectations.
Facebook (FB) fell 15% after declining to offer a forecast and saying operating expenses would rise more in the second half of the year.
Barclays (BCS) shares rose 7% as profits rose 13% and the bank apologized for the LIBOR scandal.
Merck (MRK) rose 1.9% after posting better than expected earnings and rising revenue.
Starbucks (SBUX) fell 9.6% after missing earnings expectations and cutting its estimates for the fourth quarter as the global economic slowdown weighed on results.
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