Stocks are indicated lower on Wall Street following a round of selling in global equity markets and ahead of economic data Friday. Forty-five minutes before the start of trading in New York, index futures indicate that the Dow Jones Industrial Average might lose 70 or 80 points at the open.

Stock index futures fell along with overseas markets. In Asia, Japan’s Nikkei lost 1.5 percent and Hong Kong’s Hang Seng fell 1.4 percent. Volatility picked up across Europe as well. France’s CAC 40 Index gave up 2.6 percent, Germany’s DAX is off 1.4 percent, and UK’s FTSE lost 1.8 percent.

Fresh worries about euro-zone stability are weighing on global equity markets after data showed Spain’s core inflation turning negative and after the euro made a run below 1.25 against the buck. The euro, which has been pummeled in recent weeks on worries about massive debt burdens in Greece, Spain and Portugal, is down another .0043 to 1.2476 against the US dollar.

In the US, stock index futures fell, but bonds are bid ahead of busy economic calendar. The benchmark ten-year Treasury is up 7/32nd and yields 3.50 percent.

Early economic releases Friday showed retail sales up a better-than-expected .4 percent in April, compared to expectations for a .2 percent increase. However, stripping out autos, sales rose .4 percent and below expectations of .5 percent and significantly less than the 1.2 percent increase seen in March.

Industrial production numbers are due out at 9:15 eastern time. Economists expect the report to show a .8 percent increase in production and a capacity utilization rate of 73.7 percent. The University of Michigan Sentiment Index follows at 9:55 and the latest business inventory data at 10:00 a.m. eastern.

Among the stocks to watch, some of the gold miners and metals names are seeing relative strength after gold gained another $18 to $1247.20 an ounce. However, crude oil slipped $1 to $73.40 a barrel.

Blockbuster (BBI) shares are down more than 20 percent after the company reported a quarterly loss of 33 cents per share, which was 19 cents worse than analyst estimates. Nvidia (NVDA), Nordstrom (JWN), and Computer Associates (CA) are also seeing post earnings weakness. Mastercard (MA) and Visa (V) fell after the Senate past new rules on debit card fees. Netflix (NFLX) lost 3.5 percent after Citigroup downgraded the stock to hold from Buy.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Some less actively traded names seeing bullish order flow: Polycom (PLCM), Crown Holdings (CCK), Public Storage (PSA) Bearish order flow: Hologic (HOLX), Teekay (TK), Banco Santander (STD) Post Earnings: Qualcomm (QCOM), Potash (POT), Nokia (NOK), PG, Netflix (NFLX), Royal Caribbean (RCL), Eastman Kodak (EK), Symantec (SYMC), MMM, Occidental Pete (OXY), Textron (TXT), Tyco (TYC) Pre-Earnings: Microsoft (MSFT), Genworth (GNW), Juniper Networks (JNPR), KLA Tencor (KLAC), Computer Associates (CA), Digital River (DRIV) Ex-Div: Planes All American Pipeline (PAA), Suburban Propane (SPH)

Market Recap, Story Stocks (NFLX, LVS, NWSA), Bullish trading in commodities — as well as CHK, VALE, GLD

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*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume