U.S. stock-index futures pointed to a lower open on Friday, after the government estimated the U.S. economy grew 2.4 percent in the fourth-quarter of 2013, down from the 3.2 percent pace reported last month.
"Weaker consumption and exports growth than the BEA had assumed will be the main factors behind a probable downward revision… But because that would be partly due to the effects of the unusually bad weather, we expect growth will rebound in subsequent quarters," said Paul Dales of Capital Economics in a research note late on Thursday.
Other data out on Friday include pending home sales for January at 10 a.m. Sales are seen gaining 1.6 percent, compared with a drop of 8.7 percent in December.
In addition, there will be the Chicago PMI (purchasing managers' index) for February at 9:45 a.m. and the final reading of February's University of Michigan consumer sentiment survey at 9:55 a.m.
Arena Pharmaceuticals slid in early New York trading after it reported a larger fourth-quarter loss.
Outside of the U.S., traders will continue to watch events in the Ukraine. Ousted President Viktor Yanukovych plans to hold a news conference in southern Russia at 8 a.m.
Global shares were boosted in early trade on Friday by Thursday's testimony from Federal Reserve Chair Janet Yellen. Appearing before Senate, Yellen said the recent spate of tepid economic data could be partial attributable to the exceptionally poor weather. Her comments helped drive the to a record close on Thursday.
—By CNBC's Katy Barnato