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U.S. stock index futures are set for a positive open Friday, as investors shake off concerns surrounding overhauling the tax system and turn their attention to upcoming data.
Futures for the Dow Jones Industrials advanced 87 points, or 0.4%, to 24,644
S&P 500 futures gained 8.5 points, or 0.3%, to 2,664.50, while futures on the NASDAQ Composite index strengthened 19.5 points, or 0.3%, to 6,428.50
The GOP is expected to unveil their tax plan later on Friday.
Switching focus to Friday's session, a number of economic releases are due. At 8:30 a.m. ET, the Empire State Manufacturing survey was expected to come out, followed by industrial production data, due out at 9:15 a.m. ET. Treasury International Capital data will be released in the afternoon, at 4 p.m. ET.
Meantime, Friday also marks Quadruple Witching Day, where volatility is likely as stock index futures, stock index options, stock options, and single-stock futures expire.
Overseas, European stocks dipped into the red toward noon local time, while Japan’s Nikkei 225 settled 0.6%. In Hong Kong, the Hang Seng Index fell 1.1%
Oil prices increased 17 cents to $57.21 U.S. per barrel.
Gold prices jumped $6.20 to $1,263.30 U.S. an ounce.
