U.S. stock index futures rose on Friday after solid earnings from Walt Disney Co and JC Penney Co Inc, following the first losing day in seven sessions for blue chips.

Disney rose 2.4 percent to $29.75 in premarket after the company reported fourth-quarter profit and revenue that topped Wall Street's estimates.

JC Penney also reported third-quarter earnings that beat expectations, a day after retail giant Wal-Mart Stores Inc posted higher-than-expected quarterly profit. JC Penney shares were up 3.8 percent before the bell at $30.50.

Retailer Abercrombie & Fitch Co also posted a higher-than-expected profit and its stock jumped 4.7 percent to $38.50 in premarket trade.

Stocks were undermined by a rally in the U.S. dollar <.DXY> in the previous session but were set to gain ground Friday. Traders said the currency's broad weakness was likely to continue over the longer term.

The action of the dollar has been influencing stocks a lot, and with few market moving data, corporate news and trading light volume, the dollar will be what traders look out for, said Peter Boockvar, equity strategist at Miller Tabak & Co in New York.

S&P 500 futures gained 1.8 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 rose 11 points, and Nasdaq 100 futures added 3.25 points.

The Reuters/University of Michigan preliminary November Surveys of Consumers, set for release at 9:55 a.m. (1455 GMT], is expected to show consumer sentiment ticking up to a reading of 71.0 from a final October reading of 70.6.

The U.S. Commerce Department is to release September international trade data at 8:30 a.m. (1330 GMT). Economists in a Reuters survey forecast a $31.65 billion deficit, compared with a $30.71 billion deficit in August.

(Editing by Padraic Cassidy)