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Stocks Gear up for Another Losing Day

Stock futures slipped Friday after the major averages dropped for a third straight day.

Futures for the Dow Jones Industrials caved 140 points, or 0.4%, to 34,396.

Futures for the S&P 500 dipped 23 points, or 0.5%, to 4,361.50.

Futures for the NASDAQ floundered 123.75 points, or 0.8%, to 14,654.75.

The Dow is on pace for its worst week since March, lower by 2.29% through Thursday. Meanwhile, the S&P 500 is headed for a third straight week of losses, a streak that hasn’t happened since February. The NASDAQ is also set for a third consecutive losing week for the first time since December.

Earnings season continued. Applied Materials shares added nearly 3% in extended trading after the semiconductor equipment maker beat analysts’ expectations on the top and bottom lines. Ross Stores also popped about 5% after topping second-quarter forecasts.

Palo Alto Networks will report Friday after the close.

In Japan, the Nikkei 225 index fell back 0.6%, while in Hong Kong, the Hang Seng was off 2.1%.

Oil prices sank 39 cents to $80.00 U.S. a barrel.

Gold prices gained $7.10 to $1,923.30 U.S. an ounce.

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