Wall Street is now waiting for the U.S. government to publish housing starts and building permit numbers from April at 8:30 a.m. ET. The monthly Michigan Consumer Sentiment Index comes out at 9:55 a.m. ET.
The main premarket mover Friday is J.C. Penney.(JCP) Shares are soaring by roughly 20% ahead of the opening bell after the company posted quarterly sales that beat expectations and revealed a smaller-than-expected loss.
Nordstrom(JWN) shares also rose in extended trading after the company posted earnings that beat analysts' expectations.
Shares in Verizon(VZ) are rising by about 2% after Warren Buffett's investment firm, Berkshire Hathaway(BRKA), revealed it had purchased a stake worth nearly $530 million in the company.
Indian markets were shining amid the broader gloom. The benchmark index surged to a record high as early election results suggested a sweeping victory for Narendra Modi and the pro-business Bharatiya Janata Party.