U.S. stock index futures continued to hover around the flatline Friday, a day after the S&P 500 hit a five-year closing high and after banking giant Wells Fargo posted quarterly results that edged past expectations.
On the economic front, import prices slipped 0.1 percent in December, according to the Labor Department. And the trade deficit unexpectedly increased 16 percent in November to $48.7 billion, according to the Commerce Department. Economists polled by Reuters expected the deficit to decline to $41.3 billion.
Wall Street got its first look at big bank earnings, with Wells Fargo posting a quarterly profit of 91 cents a share, two cents ahead of estimates. Revenue of $21.9 billion was about in line with expectations. Traders reacted negatively to the report, though, sending shares lower in pre-market activity. (Read More: Bank Earnings: What to Watch for)