Earnings remain in focus although markets have fewer reports to digest compared with Thursday.
Biogen, Johnson Controls, State Street, Rockwell Collins, American Airlines and VF Corp are all scheduled to post earnings this session, while June new home sales data are out at 10 a.m. ET and Markit's July flash manufacturing PMI is released at 9:45 a.m. ET.
News that China's manufacturing activity tumbled to a 15-month low in July, dealing a blow to Asian stock markets, could temper sentiment on Wall Street. Commodities meanwhile faced further selling with gold prices falling to a new five-year low.
Still, stock futures pointed to a positive open for Wall Street with Dow Jones industrial average futures trading more than 50 points higher in morning London trade.