US futures mixed after economic data; Trump's meeting with UK's May in focus

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U.S. stock index futures pointed to a mixed open on Friday as traders digested several pieces of data and awaited President Donald Trump's meeting with U.K. Prime Minister Theresa May.

Traders will be keeping a close watch on Trump's meeting with May and any comments they make on a potential trade deal and Brexit.

Dow futures traded about 20 points lower, as shares of Chevron dropped more than 2 percent after posting disappointing quarterly results. The Energy Select Sector SPDR Fund ETF (XLE) traded about half a percent lower, pressuring S&P futures.

Also on the earnings front, Colgate-Palmolive, American Airlines Group, AbbVie and General Dynamics all reported before the bell.

In economic news, the U.S. economy lost momentum in the final three months of 2016, closing out a year in which growth turned in the weakest performance in five years. The Commerce Department says the gross domestic product grew at an annual rate of just 1.9 percent in the October-December period.

Durable goods orders, meanwhile, fell 0.4 percent. Consumer sentiment data for January are set to come out at 10 a.m. ET.

In Europe, the pan European Stoxx 600 Index was 0.38 percent lower on Friday.

—The Associated Press contributed to this report.