NEW YORK (TheStreet) -- U.S. stock futures were pointing to the first dip in the broader market in three days. Investors took a breather, digesting some soft data out of Europe and awaiting next week's July job report, U.S. second-quarter GDP estimates, and the latest Federal Reserve policy update. The market remains optimistic on the second-quarter earnings outlook, steadily raising earnings growth predictions. Futures for the S&P 500 were down 4.25 points, or 5.18 points below fair value, to 1,976.5, with the index still on pace to settle higher for the week.