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U.S. stocks were set to open slightly lower Friday, as investors remain nervous about the slowing economic recovery.
Despite the rebound Thursday, market sentiment is still pessimistic. The Dow and S&P 500 are on pace to post their sixth-consecutive weekly loss.
The selling has been driven by concerns about the economy, following a series of weak reports on the job market, housing and manufacturing activity.
Companies: Toyota (TM) released its forecast for the fiscal year 2012 Friday morning. The auto giant said the fallout from the March earthquake and tsunami will continue to hurt sales, and cause supply disruptions across the industry.
In it's report, Toyota said it could lose $1.6 billion in profits in the current fiscal year. The automaker said it also expects consolidated net income to drop 31% to $3.4 billion in the next fiscal year ending March 31.
Toyota also forecast operating income to drop about 35% for the next business year, based on current exchange rates between the yen and the US dollar.
Lululemon Athletica's (LULU) stock jumped nearly 3% after the maker of athletic clothing reported a profit that topped estimates and raised its outook.
Shares of Fusion-io (FIO) extended their rally, rising 4% in premarket trading. Fusion-io made its public debut Thursday after raising $233.7 million through an initial public offering.
Online music streaming company Pandora said it would sell a total of 14.7 million shares through its previously announced IPO at a price range of $10-$12 a share.
Comcast (CMCSA, Fortune 500) and Micron Technology (MU, Fortune 500) stocks were also on the move early Friday.
Economy: The government reported import prices for May rose 0.4%, excluding oil. That comes after a 0.6% increase in the prior month.
Excluding agriculture, exports increased by 0.5%. That followed a 1.0% increase in April.
Oil for July delivery fell 96 cents to $100.97 a barrel.
Gold futures for August delivery slipped $1.40 to $1,540.70 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell, pushing the yield up to 3% from 2.96% late Thursday.
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