U.S stock index futureshovered around the flatline Friday, after major indexes posted their biggest gains in two weeks, propelled by gains in techs and following German Chancellor Angela Merkel's support for the European Central Bank’s plans to combat the euro zone crisis.
European shares were trading near 13-month highs, on pace to record its best weekly winning streak in seven years amid hopes that euro zone policymakers will work closely to tackle the debt crisis.
On the economic front, the University of Michigan Consumer Sentiment survey for August is due out at 9.55 a.m. Analysts polled by Briefing.com expected the index to read 72.2, down from 72.3 in the previous month.
And the Conference Board releases its leading economic indicators index for July at 10 a.m. on Friday. Economists polled by Briefing.com forecast a 0.2 percent rise, compared with a 0.3 percent fall in June.
Apple edged higher after Jefferies boosted its price target on Apple to $900 from $800 a share and reiterated its "buy" rating, citing bullish views on the tech giant's existing products, an expected launch of iTV in the next year and speculation that the iPad Mini has gone into production. Apple closed at a new all-time high in the previous session at $636.34, topping its old closing high in early April.