Markets on Wall Street were poised to give back a slice of the gains made a day earlier on the shoulders of computer chip giant Nvidia. Futures for the S&P

U.S. stock futures rose on Friday after closing lower on Thursday. Futures of all the major benchmark indices were positive. Wall Street is waiting for the fourth-quarter GDP data, scheduled for release later today,

Traders will be watching for a gross domestic product reading, a key inflation report and a potential Supreme Court ruling on tariffs.

US stock futures rose on Friday as investors braced for a heavy slate of economic data after the end of a three-day winning streak for the Dow and S&P 500. Meanwhile, markets will turn their attention Friday morning to a fresh reading of the the Personal Consumption Expenditures index.

Investors await minutes from the Federal Reserve's most recent policy meeting for clues on the interest rate outlook.

Asian stock markets trade mixed as US-Iran tensions weigh on sentiment, while the Nikkei 225 rallies on strong Japan trade data and a US-Japan deal.

GDP and inflation data are due in the coming days, while Walmart will be in focus in another batch of blue-chip earnings.

Stock futures fell in premarket trading on Thursday as oil prices rose to a six-month high amid escalating tensions between the U.S. and Iran.