U.S. stock index futures pointed to a strong positive open Friday, after the GOP moved closer to reaching tax reform.
Dow Jones industrial average futures rose 77 points, while S&P 500 and Nasdaq 100 futures advanced 5.25 points and 14 points, respectively.
The Senate approved a $4 trillion budget measure Thursday, taking a crucial step toward Republicans' goal of passing a tax plan this year.
The chamber approved the budget resolution by a 51-49 vote. Sen. Rand Paul, R-Ky., was the only GOP senator to vote against it.
Tax reform expectations had increased recently, helping lift U.S. stocks to record highs.
Wall Street also paid attention to corporate earnings as Baker Hughes, General Electric and Honeywell all reported quarterly results. Dow-component GE reported weaker-than-expected earnings and cut its 2017 earnings guidance, sending its stock down 7 percent in the premarket.