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U.S. Stock Futures Slightly Higher

Rouhan Sharma

U.S. stock index futures pointed to a positive start for Wall Street stocks Friday.

The S&P 500 Futures were up 2.25 points to 1838.50 points while the Nasdaq Futures were up 4.70 points to 3600.00 points.

To wrap up the week, the data calendar features the closely watched University of Michigan consumer sentiment index, due at 9.55 a.m. Eastern Time. Data on building permits and housing starts are at 8.30 a.m. while industrial production numbers are due at 9.15 a.m.

Major companies reporting results include GE, Schlumberger, Morgan Stanley, and Bank of New York Mellon.

GE was down 0.7% in pre-market moves while Schlumberger was up 0.6%.

Also in focus following their results announcement after market hours yesterday, American Express was down 0.4% in extended trading while Capital One dropped 1.9%.

Intel was down 4.5% in pre-market action.

Best Buy was up 1.8%

J.C. Penney was up 0.9% in extended trading following a lower close at the end of trading yesterday. The company announced it will cut jobs and close stores as it attempts to return to profitability.

Earlier Friday, Asian markets ended mostly lower while European markets were marginally up late morning.