Indices Aim for Winning Week, Futures Perk

Stock futures were higher Friday as the S&P 500 attempted to snap a seven-week losing streak.

Futures for the Dow Jones Industrials dipped 28 points, or 0.1%, Friday to 32,572.

Futures for the S&P 500 nicked higher 1.5 points to 4,057.25.

Futures for the NASDAQ Composite index collected 17.25 points to 12,296.50.

The Dow, S&P 500 and NASDAQ Composite are on track to close the week higher. The Dow is up 4.4%, the S&P 500 is 4% higher and the NASDAQ is up 3.4% on the week.

A chunk of those gains came Thursday, when all three of the averages rallied as strong retail earnings lifted sentiment.

U.S. markets will be shuttered Monday for Memorial Day.

Still, the averages are well off their highs, with the NASDAQ Composite solidly in bear market territory and the S&P 500 having briefly dipped more than 20% below its record last week.

Investors on Friday continued to parse through retail earnings. Ulta Beauty shares were up about 8% in the premarket after the company reported better-than-expected quarterly results, while Gap sunk nearly 20% after slashing its profit guidance.

A slew of data is set for release Friday, including personal income, consumer spending and core personal consumption expenditures.

In Japan, the Nikkei 225 hiked 0.7% Friday. In Hong Kong, the Hang Seng popped 2.9%.

Oil prices retreated 61 cents to $113.48 U.S. a barrel.

Gold prices acquired $8.10 to $1,862 U.S. an ounce.

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