NEW YORK (CNNMoney.com) - Stocks looked set to get a lift Friday from strong results from Internet bellwether Google.

Stock futures rose in early trading, particularly the tech-heavy Nasdaq, indicating a higher open for U.S. stocks, after Google (Research) posted sharp increases in income and revenue well ahead of forecasts. Shares of Google jumped nearly 8 percent in early trading in Frankfurt Friday.

Oil prices were slightly lower, but the June contract was higher than the final close for the May contract, which expired Thursday, meaning the front-month future contract touched a new high in overnight trading.

The June light crude futures contract for NYMEX hit $73.50 in electronic trading, a new high for the front-month contract, but later backed off to trade at about $73.15 a barrel. The May contract closed at $71.95 when it expired Thursday. The June contract for Brent crude fell 49 cents lower to $72.69

Major markets in Asia closed mostly higher Thursday on strong earnings news and expectations. Major European markets also rose in early trading.

Treasury prices edged higher, trimming the yield on the benchmark 10-year note to 5.03 percent from the 5.04 percent late Thursday. The dollar fell against the yen and the euro.

In other earnings news, cell phone maker Ericsson (Research) posted flat earnings that fell short of forecasts.

Dow components 3M (Research) and McDonald's (Research) are due to report results early Friday. While 3M is expected to post improved results, McDonald's said a week ago that first-quarter earnings would be down 12 percent, although analysts were already looking for that decline.

Also due to report Friday: Ford Motor Co. (Research), which is expected to post lower earnings on continued weak U.S. auto sales in the period. Better-than-expected results at competitor GM (Research) Thursday helped lift the Dow to a six-year high.

Dow component JPMorgan Chase agreed to pay $425 million to settle its portion of a federal class-action suit over charges that it and other investment banks rigged initial public offerings during the bull market of the 1990's. Shares of the nation's No. 3 bank stock didn't change in after-hours trading following the news.

For a more detailed look at the markets before the open, click here.