By Saumya Vaishampayan 

U.S. stock futures fell Friday, pressured by declines in European markets and weak first-quarter corporate earnings.

S&P 500 futures declined 10 points, or 0.5%, to 2091. E-mini Dow futures lost 84 points, or 0.5%, to 17956, and e-mini Nasdaq-100 futures fell 28 points, or 0.6%, to 4387. Changes in stock futures don't always accurately predict moves in the stock market after the opening bell.

European stocks tumbled, while German government bonds traded at record low yields. Germany's DAX fell 1.8% and France's CAC 40 declined 1.3%. Investors had to contend with technical problems after Bloomberg's financial terminals went down globally on Friday, resulting in disruption for traders who rely on the data machines to trade securities and causing the U.K. to postpone a scheduled multibillion buyback of government debt. Bloomberg is a competitor of Dow Jones and The Wall Street Journal on financial news.

American Express Co. on Thursday said first-quarter net income rose 6.5% as card holders increased spending and borrowing. The company said results were hurt by the strong U.S. dollar. Shares fell 2.2% premarket.

General Electric Co. said its revenue fell a worse-than-expected 12% in its first quarter. The conglomerate swung to a loss as it took a charge on its plan to sell off the bulk of its lending arm and refocus on industrial operations. Shares fell 0.8% premarket.

Advanced Micro Devices Inc. said Thursday its first-quarter loss widened as revenue slumped. The company said it was exiting its dense server systems business, effective immediately. Revenue and the loss excluding items missed expectations, pushing shares down 11% premarket.

Stocks ended little changed Thursday, with the Dow shedding less than 0.1% to 18105.77. The S&P slipped 0.1% to 2104.99.

Stock-market swings have been muted in recent sessions. The Dow and S&P haven't posted a 1% daily move so far this month. Still, the major indexes are hovering just below all-time highs. The Dow is 1% away from its record and the S&P is 0.6% below its record, both set in early March. The Nasdaq is 0.8% shy of its all-time high from March 2000.

"The thing that we have been really emphasizing is allocating capital where capital is scarce," said Matt Moore, managing director and partner at HighTower. "Capital has been scarce in developed international markets," he added, pointing to European and Asian stock markets.

Even with the huge gains in European stocks this year--Germany's DAX has had several records in 2015, he continues to recommend stocks in Europe and Asia. "The U.S. is fine, but people are saying these other opportunities look pretty attractive," he said.

In economic news, the consumer-price index is expected to rise 0.3% in March, according to economists surveyed by The Wall Street Journal. Later in the morning, a preliminary reading on consumer sentiment for April is due.

Treasury prices rose, pushing the 10-year yield down to 1.860% from 1.878% on Thursday.

In commodity markets, gold futures added 0.6% to $1205.40 an ounce. Crude-oil futures slipped 0.4% to $56.46 a barrel.

Write to Saumya Vaishampayan at saumya.vaishampayan@wsj.com

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