American International Group Inc. late Thursday posted a first-quarter loss of $7.81 billion - its second straight quarterly loss - and revealed plans to raise $12.5 billion in the coming months. The insurer, like many of its peers in the financial services sector, has seen its investments in the credit markets plunge in value. In after-hours trading Thursday, AIG shares sank $3.27, or 7.4 percent, to $41.45.

Meanwhile, crude oil prices continued to trek into uncharted territory, keeping Wall Street's inflationary concerns alive. In premarket electronic trading on the New York Mercantile Exchange, crude futures topped $125 a barrel, after closing Thursday at a record settlement of $123.69.

A day after the stock market notched a modest advance, Dow futures fell 84, or 0.66 percent, to 12,740. Standard & Poor's 500 index futures fell 8.50, or 0.61 percent, to 1,383.50, and Nasdaq 100 index futures fell 10.00, or 0.51 percent, to 1,955.00.

Bond prices rose ahead of the market's open. The yield on the benchmark 10-year Treasury note, which moves opposite its price, slipped to 3.74 percent from 3.78 percent late Thursday.