Industrial production figures will be released at 9:15 AM EDT. The consensus for May is a 0.4% rise for both industrial production and manufacturing output.
And the index of leading economic indicators, which attempts to predict general economic conditions six months out, will be released at 10:10 AM EDT. After unexpectedly falling a sharp 0.3% in April, forecasters expect the LEI to drop another 0.4% in May as consumer components have been weak in recent reports.
Dow Jones Industrial Average futures were up 0.27%, S&P 500 futures rose 0.37%, and Nasdaq futures gained 0.52%.
Oil prices were lower, with North Sea Brent crude and US West Texas Intermediate crude were declining less than 1%.
In other world markets, Japan's Nikkei was down 1.77%, Hong Kong's Hang Seng ended trading up 1.10%, and China's Shanghai Composite climbed 0.96% higher. Meanwhile in Europe's early afternoon session, the UK's FTSE 100 rose 0.9%, while Germany's DAX index and France's CAC 40 gained 0.83% and 0.81% respectively.
On the winning side, Shares of Revlon, Inc. (REV) were soaring over 71% in premarket trading as rumors swirled that the company might be acquired by Indian conglomerate Reliance Industries days after the US beauty products maker filed for bankruptcy. Electric Last Mile Solutions, Inc. (ELMS) shares are up nearly 30% on very high volume, continuing its rally from Thursday when it closed 100% higher. Athersys, Inc. (ATHX) shares have jumped 23% on weak volume after closing nearly 13% lower Thursday.
On the losing side, Addex Therapeutics (ADXN) shares have tumbled 41% in premarket trading after it said it canceled a phase 2b/3 study of dipraglurant to treat dyskinesia due to the slow recruitment of patients. Foghorn Therapeutics Inc. (FHTX) shares are down nearly 31% on low volume, after closing more than 5% lower on Thursday. And shares of ToughBuilt Industries, Inc. (TBLT) continue to slide, falling over 47% on high volume after dropping more than 15% Thursday.