U.S. stock index futures pointed to a lower open on Wall Street on Friday following the previous session's strong gains, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.6 percent and Nasdaq 100 futures down 0.7 percent at 1000 GMT (6 a.m. EDT).
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Investors will also keep an eye on MGM Mirage
President Barack Obama is set to quiz leaders of the biggest U.S. financial institutions at the White House on Friday about developments in the economy and their businesses as his administration seeks broader power to regulate the financial system.
Japan slipped to the brink of deflation, but tentative signs of economic improvement elsewhere and investor hopes for more steps to support a recovery helped Asian stocks rack up their biggest weekly gains in almost five months.
In Europe, stocks were slightly down, with the FTSEurofirst 300 <.FTEU3> index of top European shares losing 0.1 percent, after a six-session winning streak, but the market was on track to record a third straight week of gains for the first time in almost a year.
Investors will digest a flurry of macro data on Friday, including U.S. personal income, personal consumption, PCE price index and Reuters/University of Michigan sentiment index.
U.S. stocks rallied for a second straight day on Thursday, taking the Nasdaq back into positive territory for the year-to-date, on increasing optimism that the economy's worst days are past after the government reported data that was less dire than expected.
The Dow Jones industrial average <.DJI> rose 174.75 points, or 2.25 percent, to 7,924.56. The Standard & Poor's 500 Index <.SPX> added 18.98 points, or 2.33 percent, to 832.86. The Nasdaq Composite Index <.IXIC> climbed 58.05 points, or 3.80 percent, to 1,587.00.
(Reporting by Blaise Robinson; Editing by Rupert Winchester)