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Dow futures rise 100 points after bank earnings, data

U.S. stock index futures pointed to a higher open on Friday, as investors digested a slew of earnings and data releases, while remaining on the lookout for speeches by key Fed officials.

Dow futures rose about 106 points, while S&P and Nasdaq futures gained 11 points and 23 points, respectively.

A woman passes a Wells Fargo sign.
Charles Mostoller | Reuters

The topic of the U.S. Federal Reserve has been put back on the table this week, after the Federal Open Market Committee released its latest set of minutes from its September meeting on Wednesday.

While the central bank didn't raise interest rates last month, those members who were in favor on hiking rates believed that waiting too long could push the U.S. into a recession.

Following the release, attention will now shift to speeches from key Fed officials. The main speech investors will be looking to is that of Fed Chair Janet Yellen's speech, due at 1.30 p.m. ET.

Yellen will be speaking at the Federal Reserve Bank of Boston's 60th economic conference, which is titled "The Elusive 'Great' Recovery: Causes and Implications for Future Business Cycle Dynamics". Aside from Yellen, Boston Fed President Eric Rosengren spoke with CNBC, saying his views haven't changed, but economic conditions have.

On the earnings front, Citigroup, Wells Fargo, Financial Services Group and JPMorgan Chase all reported quarterly results, beating on both the top and bottom lines.

In economic news, September retail sales came in at 0.6 percent, in line with expectations, while producer prices came in above expectations. Business inventories and consumer sentiment data are also due at 10.00 a.m. ET.

Elsewhere, oil has been a major mover and shaker of markets this week, with prices fluctuating between gains and losses as talk around a possible output cut by OPEC shakes up sentiment. On Friday, oil prices pointed higher, boosted by a fall in U.S. fuel inventories.

Around 9:09 a.m. ET, U.S. WTI stood around $50.73 per barrel, while Brent hovered around $52.10.

European stocks posted gains, while Asia-Pacific indexes closed mostly higher overnight. In the previous session, U.S. stocks slashed most of their losses, however closed in the red.

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