* GE Q4 profit, revenue top estimates
* Bank of America posts loss, shares fall
* Google shares gain after Thursday's results
* Futures up: S&P 5.8 pts, Dow 33 pts, Nasdaq 13 pts
* For up-to-the-minute market news see [STXNEWS/US] (Updates prices)
By Angela Moon
NEW YORK, Jan 21 (Reuters) - Wall Street was set for a higher open on Friday after two days of declines as strong earnings from General Electric and Google boosted investor optimism.
General Electric Co
GE shares rose 3.3 percent to $19.05 in premarket trade. For details, see [ID:nN21199037]
But shares of Bank of America Corp
"The banks are not doing so well so far in this reporting run," said Mike Lenhoff, chief strategist at Brewin Dolphin in London. "On the other hand if you look at the nonfinancial sector, on balance, the results are not bad, so I don't think the markets are going to get carried away with some poor results from the banks."
Google Inc
S&P 500 futures
U.S. stocks fell for a second day on Thursday as lackluster earnings from technology and materials companies didn't live up to heighten expectations. The Standard & Poor's 500 Index <.SPX> ended down 1.66 points, or 0.13 percent, at 1,280.26.
The S&P 500 is below its 10-day moving average for the first time since Nov. 30, said Joseph Hargett, analyst at Schaeffer's Investment Research based in Cincinnati, Ohio.
"The index has support in the 1,270 region, though, with its 20-day trend line rising into the region. Resistance remains at 1,290, with the 1,300 creating a longer-term hurdle overhead," he said.
Shares of Schlumberger Ltd
Hewlett-Packard Co
In Europe, stronger bank and oil company shares helped indexes bounce back on Friday from losses in the previous session on worries about further monetary tightening by China.
(Editing by Padraic Cassidy)