MARKET SNAPSHOT: U.S. Stocks: Futures Higher After GDP Data

By Anora Mahmudova and Carla Mozee, MarketWatch

NEW YORK (MarketWatch) -- U.S. stock futures were higher on Friday but the buying mood was tepid after global anxiety helped contribute to some of the sharpest declines in two months.

The reaction to the final reading on U.S. gross domestic product was subdued, as data came in mostly in line with expectations. The U.S. economy grew at its fastest pace in the second quarter since the Great Recession.

Futures for the Dow Jones Industrial Average (DJZ4) were up 36 points, or 0.2%, to 16,940, while those for the S&P 500 index (SPZ4) rose 1.2 points, or 0.1%, to 1,964.30. Nasdaq-100 index futures (NDZ4) were up 8 points, or 0.2%, to 4,015.50.

Data: The U.S. economy grew at a 4.6% annual pace in the second quarter, matching the best performance since the recession ended in mid-2009. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, the Commerce Department said Friday.

The biggest gains came in business investment, a good sign for the economy in the months ahead.

At 9:55 a.m. Eastern, the final print of University of Michigan consumer confidence may dip from a preliminary reading of 84.6. Economists polled by MarketWatch forecast a 84.3 reading.

Apple Inc. shares (AAPL) rose 1% ahead of the opening bell. They dropped nearly 4% on Thursday as the company tried to calm concerns about its new iPhone 6 Plus bending claims.

Apple's product woes added to the overall Thursday selloff on Wall Street. Both the S&P 500 (SPX) and Dow (DJI) suffered their biggest drops since July 31, and the Nasdaq Composite (RIXF) fell 1.9%. The benchmarks are each on track for weekly losses of at least 1.9%.

Stocks to watch:

Nike (NKE) shares jumped 7.7% before the bell after the athletic apparel and gear maker late Thursday posted better-than-expected quarterly earnings.

BlackBerry (RIMM) shares climbed 5% in premarket trade after the Canadian smartphone maker's narrower-than-expected fiscal second-quarter loss offset a miss in sales.

Finish Line (FINL) reported that its profit fell 1.3%, hampered by rising expenses. Shares sank 11%.

Chiquita Brands International (CQB) and Fyffes PLC agreed to revised terms of a merger plan under which Chiquita would have a greater share of the combined company.

Chip maker Micron (MU) gained 7.8% before the open after fourth-quarter results topped Wall Street's estimates late Thursday.

Other markets: Overnight, Australia's S&P/ASX 200 erased its gains for the year, keying off Wall Street's selloff and a slump in iron-ore prices. European stocks were higher, but major benchmarks were still on track for weekly losses.

Gold futures (GCZ4) turned down nearly $3 an ounce while oil futures(CLX4) headed slightly higher.

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