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Futures higher; Dow, S&P tracking for first 4-week losing streak since 2014

CNBC.com staff
Spencer Platt | Getty Images. U.S. stock index futures pointed to a mixed open on Tuesday morning as traders awaited a Federal Reserve meeting for further clues on monetary policy.

U.S. stock index futures were higher on Friday morning as traders looked towards the release of existing home sales and comments from Fed Governor Daniel Tarullo.

Tarullo is set to speak at 9 a.m. ET at the National Association of Insurance Commissioners International Insurance Forum in Washington, D.C., while existing home sales are scheduled to be released at 10 a.m.

As of the close Thursday, the major averages were tracking for a weekly decline. The Dow and S&P were on pace for their first four-week losing streak since the one ended October 2014, while the Nasdaq composite was on pace for its first five-week losing streak since 2012.

U.S. stocks closed lower Thursday after comments from New York Fed President William Dudley and the latest Fed minutes increased prospects of a rate hike as soon as June.

Read More The Fed brought this fear back to markets this week

In oil markets, U.S. crude oil futures for June delivery tried for gains, trading around $48.23 a barrel as of 8:21 a.m. ET.

The U.S. dollar index was flat, with the euro near $1.122 and the yen near 110.4 yen against the greenback.

Treasury yields were higher, with the 2-year yield near 0.90 percent and the 10-year yield around 1.87 percent.

On the earnings front Campbell Soup (CPB) and Deere (DE), are set to report before the bell. Foot Locker (FL) posted earnings that were in line with analysts expectations on Friday.

In Europe, the pan European Stoxx 600 Index (^STOXX) was up 0.97 percent on Friday morning.

In Asia, Japan's Nikkei (Nihon Kenzai Shinbun: .N225) closed 0.54 percent higher on Friday. In China, the Shanghai Composite (Shanghai Stock Exchange: .SSEC) closed 0.68 percent higher.

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