NEW YORK -- Wall Street appeared set for a quiet open Friday, a day after stocks hit two-year highs.
No major corporate earnings annoucements are on the day's schedule. Many investors will be waiting for the Conference Board to release its November index of leading economic indicators after the market opens.
Economists expect the index -- which tracks data such as orders for new goods and materials -- to rise 1.1 percent. It rose 0.5 percent in October.
Before the opening bell, the Dow Jones industrial average futures rose 3 points, or less than 0.1 percent, to 11,493. Standard and Poor's 500 futures fell 1.1, or 0.1 percent, to 1,237.40. Nasdaq 100 futures fell 0.8, or less than 0.1 percent, to 2,218.50.
The Dow and S&P 500 index closed Thursday at their highest levels since September 2008.
Stocks overseas were mixed. Asian markets closed slightly higher. European markets fell after Moody's Investors Service downgraded Ireland's government bond rating by five notches and said that the country had a weak economic outlook. The Euro Stoxx 50, which tracks blue chip companies in countries that use the euro, fell 0.6 percent.
The House passed an $850 billion tax cut package late Thursday night. The bill will extend Bush-era tax cuts for another two years. House Democrats had complained that the tax package is overly generous to the nation's wealthiest taxpayers.
In a sign that companies are spending more money on technology, software giant Oracle Corp. said after the market closed Thursday that its net income jumped 28 percent last quarter. That beat analyst expectations. The company's stock gained 4 percent to $31.61 in pre-market trading.
Research in Motion Ltd., the maker of the Blackberry, also said late Thursday that its third quarter earnings beat analyst expectations. The company's stock jumped 7.2 percent to $64 in pre-market trading.
Before the market opened, Canadian bank BMO Financial Group said that it will buy Marshall & Ilsley Corp. for $4.1 billion in stock. BMO, which is based in Toronto, said it will repay the preferred shares that Marshall & Isley issued as part of the Troubled Asset Relief Program before the deal closes in July.
The yield on the 10-year Treasury fell slightly to 3.37. It traded at 3.42 late Thursday.