MARKET SNAPSHOT: U.S. Stocks: Futures Waver Ahead Of Greece Meeting, PMI

By Sara Sjolin, MarketWatch

LONDON (MarketWatch) -- U.S. stock futures pointed to another struggle for Wall Street on Friday, as investors remained on the sidelines ahead of U.S. PMI data and what looks like a last-chance meeting for Greece.

Futures for the Dow Jones Industrial Average (DJH5) added 13 points to 17,972, while those for the S&P 500 index (SPH5) added 0.1 point to 2,093.50. Futures for the Nasdaq 100 index (NDH5) inched 3.5 points higher to 4,416.75.

The small moves mirrored the trading session on Thursday (http://www.marketwatch.com/storyno-meta-for-guid), when the Dow average (DJI) and S&P 500 index (SPX) ended slightly lower, while the Nasdaq ended on a positive note for a seventh straight session.

Key decision on Greece: The debt standoff between Greece and its eurozone partners has grabbed most investors' attention this week, but so far hasn't created a major shake-up in the financial markets. Both the S&P and Nasdaq were on track for weekly gains, while the European indexes eyed advances for the most part. The lack of market response is partly because the risk of contagion is much lower (http://www.marketwatch.com/story/this-is-the-eurozone-risk-investors-are-ignoring-2015-02-19) than in 2011 and 2012, MarketWatch's William Watts explains.

Eurozone finance ministers are scheduled to meet in Brussels at 3 p.m. local time, or 9 a.m. Eastern Time, to discuss the latest proposal from Greece on extending its loan agreement. The request was submitted on Thursday, but rebuffed shortly after that by Germany (http://www.marketwatch.com/story/cracks-still-evident-as-germany-rebuffs-greek-extension-plan-2015-02-19), which said it wasn't a "substantial proposal for a solution". European markets were mixed ahead of Friday's Eurogroup meeting (http://www.marketwatch.com/storyno-meta-for-guid), with Greece's Athex Composite index up 0.8% to 863.68.

Data: There's only one major data point to monitor on Friday -- the flash purchasing managers index for February that comes out at 9:45 a.m. Eastern Time. The final January reading came in at 53.9, above the 50 level that separates expansion from contraction.

PMIs out of the eurozone showed business activity in the currency union grew (http://www.marketwatch.com/story/european-economy-shows-signs-of-revival-2015-02-20) at a faster pace in February than expected, to reach a seven-month high.

Earnings: Tractor manufacturer Deere & Co.(DE) fell 1.3% in premarket after a lowered outlook offset a profit beat.

Health-care diagnostics company Laboratory Corp. of America Holdings, or LabCorp, (LH) reported fourth-quarter earnings slightly ahead of estimates, although it wasn't enough to move the share price

Cabot Oil & Gas Corp.(COG) is expected to post fourth-quarter earnings of 22 cents a share.

Movers and shakers:Noodles & Co.(NDLS) tanked 26% in premarket trade after the restaurant chain late Thursday reported fourth-quarter earnings that fell short of estimates (http://www.marketwatch.com/story/noodles-stock-plunges-after-results-outlook-disappoint-2015-02-19).

Marvell Technology Group Ltd.(MRVL) was down 1.2% ahead of the bell on Friday after the company, which specializes in microprocessor architecture and digital-signal processing, said fourth-quarter revenue and profit declined (http://www.marketwatch.com/story/marvell-technology-profit-falls-outlook-soft-2015-02-19).

Retailer Nordstrom Inc. (JWN) could also be active Friday after it reported weaker-than-forecast earnings late Thursday.

Other markets: Oil (CLH5) seesawed on Friday, but was still looking at its first weekly loss in a month (http://www.marketwatch.com/storyno-meta-for-guid).

Gold prices (GCJ5) were slightly higher, while the dollar (DXY) traded mixed against other major currencies.

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