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Wall Street expected to open mixed after GDP, Trump warns of conflict with North Korea

A trader works on the floor of the New York Stock Exchange.
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U.S. stock index futures pointed to a mixed open on Friday after U.S. President Donald Trump said there was a "chance that we could end up having a major, major conflict with North Korea."

Trump, however, said he wanted a peaceful resolution to the standoff over North Korea's nuclear and missile program.

It's also another heavy day for economic data and earnings.

On the data front, the U.S. economy grew at a rate of 0.7 percent in the first quarter. Economists polled by Reuters expected GDP growth of 1.2 percent. Chicago PMI is due at 9:45 a.m. ET, with consumer sentiment coming out at 10:00 a.m. ET.

On the earnings front Chevron, General Motors, Exxon Mobil and Synchrony Financial are among the companies that reported before the bell.

In Europe, the pan-European Stoxx 600 Index was around 0.25 percent lower on Friday. In Asian markets, Japan's Nikkei 225 closed 0.29 percent lower on Friday, while the Shanghai Composite in China closed 0.08 percent higher.

In oil markets, Brent crude traded at around $51.83 a barrel on Friday, up 0.76 percent, while U.S. crude was around $49.58 a barrel, up 1.25 percent.