The Stoxx Europe 600, which rose as much as 0.7% earlier in the European trading session, finished off 0.1%.
Lorenzo, who set the fastest pace in Friday's practice session, was 0.05 seconds adrift with compatriot Dani Pedrosa third on his Repsol Honda 0.383s behind Rossi.
Ferrari were not competitive in the first session, when Alonso was 0.850secs off Button's pace.
The dollar index rose to 76.28 marking a 0.4% session gain.
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In the morning session, the Stoxx Europe 600 added 0.6% to 226 and the Dax added 0.9% to 5, 523.
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Satyam shares have fallen 40.0% since the Maytas misstep on Mumbai's National Stock Exchange, and its American depositary receipts plunged 55.0% in a single session on the announcement of the deal.
Firefox 2.0 also has an improved session restoration system that will let users resurrect tabbed webpages they accidentally closed or will re-start a net session at the point before a crash.
The 30-stock Dow closed at 14, 579 Thursday, up 0.4% on the session, to wrap up a first-quarter gain of 11.3%.
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There was little to separate the duo in the first session as Massa topped the timesheets by just 0.190 seconds.
They were down a further 0.3% after the session.
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The upbeat forecast helped shares gain 0.5% Tuesday, off session highs.
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Smith and Burley had met on Thursday to discuss the events surrounding the drinking session involving Ferguson and McGregor after the 3-0 defeat by the Netherlands.
He pushed his Red Bull round the visually stunning Yas Marina circuit, brilliantly lit up by floodlights as darkness finally fell on the twilight session, and beat Hamilton's benchmark by 0.141 seconds.
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The Dow ended the Thursday session off a modest 12.67 points, or 0.1%.
This follows the trend in the 2011-2012 session, when 30 of 77 decisions were 9-0, according to The Supreme Court Database.
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European markets declined, with the Stoxx Europe 600 falling 0.2%, snapping a four-session winning streak.
China's Shanghai Composite bucked the regional trend, slipping 0.1% to snap a four-session win streak.
The day's first session saw Hamilton narrowly beat title rival Felipe Massa by just 0.080secs.
The Stoxx Europe 600 edged up 0.3%, snapping a three-session losing streak.
Despite the upbeat guidance and better-than-consensus third quarter, shares of United Technology opened in the red Wednesday before creeping back into positive territory with a 0.6% gain 30 minutes into the session.
The Stoxx Europe 600 gave back early gains to fall 0.2%, losing ground for the second session in a row.
Hamilton led the session for almost an hour before the Finn improved his time by 0.197 seconds to go quickest with a one minute 41.307 secs effort.
Markets were are also tracking a weaker trading session in Asia, where Hong Kong's Hang Seng closed down 0.6% and Bombay's Sensex slumped by 1.5%.
Lee opened up a 5-0 lead, but Selby suddenly found form to end the first session just one frame behind.
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Alonso clocked one minute 45.654 seconds to edge Hamilton by just 0.098secs, despite the Englishman leading for most of the session.
By the end of the session, the Dow managed to crank out another positive result, closing up 0.1% to 13, 597 points.
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On the defensive side of trading the 42.5 and 45.0 strikes were heaviest traded in July and August earlier in the session.
Vettel, who sits third behind England's Button and Brazil's Barrichello in the drivers' championship, was forced to end his opening session early after smoke came from his car, but he finished sixth, 0.604secs off the pace, in the afternoon.
But fourth seed Ana Ivanovic was in sensational form as she crushed Tathiana Garbin 6-0 6-3 in the opening match of Wednesday's night session.
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