×

Consumer sentiment in focus on Wall Street

Traders work on the floor of the New York Stock Exchange.
Getty Images
Traders work on the floor of the New York Stock Exchange.

U.S. stock index futures indicated a slightly lower open on Friday as uncertainty over the timing of an interest rate rise lingers after a bumpy week.

Stocks ended in the green on Thursday following a rough few days, as mixed economic data indicated to some investors that the Federal Reserve will not raise interest rates as early as anticipated.

Friday looks set to be a quiet day on the earnings front, with retailers Ann and The Buckle among the companies due to report before the bell.

Read MoreWatch out for market mood swings

The U.S. Producer Price index for February showed a decline of 0.5 percent, missing estimates of a 0.3 percent gain. Consumer sentiment data comes at 10 a.m. ET.

"In the U.S., focus today will be on the preliminary reading of the University of Michigan's consumer sentiment survey for March, which is expected to hold steady around February's level of 95½, only a few points below January's 11-year high," Daiwa analysts wrote in a note early Friday.

In Europe, equities traded slightly higher as Greece remained in the spotlight.

Prime Minister Alexis Tsipras meets European Parliament President Martin Schulz and Jean-Claude Juncker, European Commission president, Friday.

The country is expected to repay a 340 million euros ($360 million) tranche of its loan from the International Monetary Fund back today.

In the unfolding story over Herbalife, Dow Jones reports that prosecutors are interviewing people tied to investor Bill Ackman in a case involving potential manipulation of Herbalife's stock. Ackman has had a long-standing short position in Herbalife, saying the nutritional supplements maker is a pyramid scheme. He told CNBC he has not heard from the FBI or the Justice Department, and that he's happy to answer any questions they may have for him.

Google is not planning to compete aggressively with soon-to-be-public GoDaddy in the internet domain space, according to a report in Friday's New York Post.

Read MoreEarly movers: INTC, LOCO, ARO, ULTA, TM & more

Pfizer's pain drug Lyrica did not meet goals in a study that examined its effectiveness in treating adolescents with fibromyalgia.

As of Thursday's close:

  • The Dow Jones industrial average was within half a standard deviation above its 50-day moving average. Since 1981 the index has been in this position 5.49 percent of all trading days, according to quantitative analytics tool Kensho. The probability of the index moving lower is 47.1 percent and the probability of it moving higher in the days following is 52.9 percent.
  • The S&P 500 was within half a standard deviation above its 50-day moving average. Since 1980 the index has been in this position 5.10 percent of all trading days, according to Kensho. The probability of the index moving higher in the days following is 56.3 percent and the probability of it moving lower is 43.7 percent.
  • The Nasdaq composite was within one standard deviation above its 50-day moving average. Since 1980 the index has been in this position 6.46 percent of all trading days, according to Kensho. The probability of the index moving lower is 54.5 percent and the probability of it moving higher is 45.5 percent.

CNBC's Peter Schacknow contributed to this report.

Disclosure: CNBC's parent NBCUniversal is a minority investor in Kensho.