US Markets

Wall Street little changed after economic data


U.S. stock index futures fluctuated Friday, ahead of more economic data which analysts fear may have been hit by the poor weather.

On the economic front, export prices rose 0.2 percent, while import prices ticked up 0.1 percent.

Industrial production declined 0.3 percent in January, against an expectations for a gain of 0.3 percent.

Investors will also eye the preliminary February Thomson Reuters/University of Michigan Surveys of Consumers at 9:55 am ET. Expectations are for a reading of 80.6 against the 81.2 reading in the prior month.

Asia shares were mixed on Friday, after subdued inflation data out of China.

Chinese consumer inflation rose an annualized 2.5 percent last month, but remained at a seven-month low. Producer prices fell for the 23rd straight month.

(Read more: China's inflation stays subdued in January)

"This data out of China, to an extent, hit a sweet spot. Firstly, it shows price growth is tracking at a steady pace, while at the same time subdued enough to leave the People's Bank of China capacity to act if needed," said Stan Shamu, market strategist at IG.

Meanwhile, Japanese stocks erased early gains, despite Finance Minister Akira Amari saying that most of the government's $53 billion stimulus package will be implemented by June.

Shares in Europe were also mixed, after better-than-expected euro zone growth data. Both Germany and France grew faster than forecast in the final quarter of 2013, with their economies expanding by 0.3 percent and 0.4 percent respectively.