US Markets

Futures point to flat open; Wall Street on course for strong quarter

Spencer Platt | Getty Images

U.S. stock index futures pointed to a flat open on Friday as traders digested a batch of data.

Personal income rose 0.4 percent in February, in line with expectations, while consumer spending rose 0.1 percent, below an expected increase of 0.2 percent. The PCE price index — an indicator of inflation — rose 2.1 percent year over year, while core PCE increased 1.8 percent from last year.

While March has been a mixed month for stocks as the Republican-led bill to replace Obamacare failed to materialize, the first quarter has seen strong gains for the Nasdaq composite, which is up more than 9 percent. The S&P is up more than 5 percent and the Dow almost 5 percent higher.

In Europe, the pan-European Stoxx 600 Index was around 0.1 percent lower on Friday morning.

In oil markets, Brent crude traded at around $52.58 a barrel on Friday, down 0.72 percent, while U.S. crude was around $50.24 a barrel, down 0.2 percent.