NEW YORK -
Stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.
JPMorgan Chase & Co
Also on tap for Friday were earnings from Wells Fargo & Co
Investors will also look to economic data in the form of the September producer price index at 8:30 a.m. EDT (1230 GMT) and the Thomson Reuters/University of Michigan Surveys of Consumers preliminary consumer sentiment index for October at 9:55 a.m. (1355 ET).
Producer prices are expected to show a 0.7 percent rise compared with a 1.7 percent rise in August. Economists in a Reuters survey expect a consumer sentiment reading of 78.0 compared with 78.3 in the final September report.
Investors will eye the PPI data for any signs of inflation while consumer sentiment will be monitored for indications recent labor market data helped boost views on the economy.
S&P 500 futures rose 4.6 points and were above 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 gained 29 points, and Nasdaq 100 futures added 3.75 points.
Advanced Micro Devices Inc
European shares fell and looked set to end the week in negative territory but analysts said the market was not likely to witness a sharp sell-off. <.EU>
Asian stocks steadied, but were on course for a losing week as worries about weak corporate earnings and slowing global economic growth limit the appeal of riskier assets.
(Editing by Bernadette Baum)