Wall Street points to higher open on subdued trading

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters
Traders work on the floor of the New York Stock Exchange.

U.S. stock index futures pointed to a higher open on Friday as traders eyed economic data amid what is likely to be subdued trading due to the Thanksgiving holiday.

Stocks were also on pace to hit new record highs at the open.

On the data front, U.S. trade deficit totaled $62 billion in October. The November read on the IHS Markit non-manufacturing index is also due at 9:45 a.m. ET.

NYSE markets are set to close early Friday — the day after Thanksgiving — at 1 p.m. ET.

In Europe, the pan-European Stoxx-600 index was around 0.02 percent higher on Friday.

In Asia, the Shanghai Composite in China closed 0.61 percent higher while the Nikkei in Japan closed 0.26 percent higher.