Sentiment Nervous Amid Weak Consumer Spending Data
The major U.S. index futures are pointing to a higher opening on Friday, with sentiment remaining lackluster as traders take a cautious stance, weighing in all the uncertainties. Additionally, the sojourn of the major averages close to either record highs or multi-year highs may push traders to the defensive. A report released earlier in the day showed an unexpected drop in consumer spending, serving to re-ignite growth worries. Traders may also look to consumer sentiment and regional manufacturing readings due shortly after the markets open.