U.S. stock index futures pointed to a higher open on Friday morning as investors digested reports that the President Donald Trump administration could reduce tariffs imposed on China.
As of 5 a.m. ET, Dow futures indicated a positive open of more than 80 points. S&P 500 and Nasdaq futures were also higher.
The stock market ended on a positive note on Thursday after the Wall Street Journal reported that the U.S. could ease trade tariffs against China. The suggestion reportedly came from Treasury Secretary Steven Mnuchin, but faced pushback from U.S. Trade Representative Robert Lighthizer. Wall Street rallied on the news but pared some of those gains after a senior government official told CNBC that Mnuchin had not made any such recommendations.
In terms of economic data, there will be industrial production figures out at 9:15 a.m. ET and consumer sentiment numbers due at 10 a.m. ET.