Stock futures up ahead of earnings, data on consumers
U.S. stock index futures rose on Friday after a selloff in the previous session that halted a six-day Dow winning streak, as investors awaited a slew of earnings reports and data on consumer spending.
* Shares of Walt Disney Co
Abercrombie & Fitch Co
* On Thursday, stocks were undermined by a rally in U.S. dollar <.DXY>, but were set to gain ground Friday as the dollar eased. Traders said the currency's broad weakness was likely to continue over the longer term.
* Investors were eyeing earnings from JC Penney Co Inc
* The University of Michigan is to release its preliminary November reading on consumer sentiment, with its monthly index expected at 71.0, compared with the final October reading of 70.6. The data is due at 9:55 a.m. EST.
* S&P 500 futures gained 2.1 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures rose 11 points, and Nasdaq 100 futures added 3.25 points.
* The U.S. Commerce Department is to release September international trade data at 8:30 a.m. EST. Economists in a Reuters survey forecast a $31.65 billion deficit, compared with a $30.71 billion deficit in August, after unexpectedly dipping in August as exports edged up and imports fell on a big drop in demand for foreign oil.
(Reporting by Angela Moon; editing by Jeffrey Benkoe)
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