Wall Street was poised to open higher on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while investors awaited data on consumer sentiment.
Euro zone leaders late Thursday unveiled a deal in which Athens would receive coordinated bilateral loans from other countries that use the euro and the International Monetary Fund if it faced severe difficulties.
In early trade we're going to focus on some resolution of the Greek sovereign debt issues, said Arthur Hogan, chief market analyst at Jefferies & Co in Boston.
There's a sense that there's an explicit structure now, such that if we go from Greece to Portugal then we know how to deal with this on a country by country basis.
U.S. gross domestic product grew 5.6 percent in the fourth quarter, dipping from the preliminary estimate of 5.9 percent, the Commerce Department said. Market reaction was muted for this third and final reading for the quarter.
What we've seen here with this market is a resiliency in that it's not treating poor data or data that misses expectations in too bad a way. The market really isn't selling off much on that, said Richard Sparks, senior equities analyst at Schaeffer's Investment Research, in Cincinnati, Ohio.
S&P 500 futures rose 2.7 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 23 points, and Nasdaq 100 futures added 8 points.
Worries about hefty debt loads of some euro zone countries have nagged equities lately. The deal put pressure on the U.S. dollar <.DXY> on Friday, and lifted commodity prices, which could boost resource shares. Crude oil futures gained 0.7 percent to $81.06 a barrel.
The final March reading of the Reuters/University of Michigan Surveys of Consumers will be released at 9:55 a.m. EDT. Economists expect a reading of 73, compared with 73.6 the month before, according to Reuters data.
The White House plans to announce on Friday it will require lenders to lower mortgage payments for some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources said Thursday.
Stocks ended flat Thursday after being up most of the session as a weak U.S. bond auction and global debt concerns weighed on investor sentiment.
(Additional reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)