On the data front, U.S. retail sales unexpectedly fell in August as Hurricane Harvey likely depressed car sales. Retail sales fell 0.2 percent in August, versus a 0.1 percent increase expected, according to Reuters.
Harvey is also being blamed for U.S. industrial output's fall in August, marking the first decline since January. Overall industrial production fell 0.9 percent over the month after a July increase revised upward to 0.4 percent.
The Fed, using a combination of high-frequency plant output data and economic modeling, attributed about 0.75 percentage point of the decline to storm effects, said Reuters.
North Korea fired a missile over Japan and into the Pacific Ocean on Friday. Japan's Prime minister Shinzo Abe has called on the United Nations to act.
In commodities, oil prices were eking out slight gains on Friday, with prices being on track for weekly gains, as the clean-up after hurricanes in the U.S. got underway.
Friday will also mark Quadruple Witching Day, as well as Quadruple Witching Hour, where during the final hour of stock market trading, stock index futures, stock index options, stock options, and single-stock futures expire.
No major auctions are set to take place by the U.S. Treasury on Friday.