Stock futures are higher ahead of Friday's data

Stock futures are higher ahead of Friday's data

After the S&P 500 snapped a 5 day losing streak on Thursday, the stock futures were higher early on Friday as traders looked to continue momentum.

The S&P 500 futures were up 0.5% ahead of the opening bell, while Dow futures were up 0.3% and Nasdaq futures were higher by 0.6%.

The data on producer prices will be available for investors at 8: 30 a.m. Oil prices continue to be a focus for investors, with the price of gasoline hitting a new low on Thursday, as crude oil reverses the modest rally seen late last week, as well as the University of Michigan's initial look at consumer sentiment in December. WTI crude oil was trading near $72.15 a barrel, up about 1%, up about 1%.

The dollar, seen as the key to the market's rally in the fall, was broadly weaker against most currency pairs on Friday.

Stocks making big moves ahead of Friday's open include lululemon LULU, with shares of the athletic apparel retailer down over 6% after the company offered guidance for the current quarter that came in below estimates. The company said full-year sales would be ahead of its forecast.

Shares of Docusign DOCU were up over 11% early Friday after the company reported late Thursday results that were better than expected.

Docusign was one of the biggest winners during the pandemic-induced market rally, and shares were down more than 70% this year before Thursday's quarterly results.