U.S. equity futures were pulling back Friday morning after seeing a strong set of earnings from retailers send shares higher.
The major futures indexes indicate a decline of 0.2% when the final trading day gets underway on Wall Street.
Bond markets will close early on Friday at 2: 00 pm ahead of the Memorial Day holiday.
Both the bond and stock markets will be closed on Monday.
U.S. West Texas Intermediate WTI crude futures traded around $113 a barrel. WTI is expected to make a weekly gain of 0.7%.
The price of crude oil was around $117 a barrel. The benchmark was on track for a gain of about 4% this week.
The week ends with earnings from Big Lots and sporting goods seller Hibbett. 491 companies in the S&P 500 have posted first quarter results, with the numbers coming in well ahead of forecasts.
The latest income and expense numbers for April will be available on the economic docket, in addition to the University of Michigan's measure of consumer sentiment.
In Asia, Japan's benchmark Nikkei 225 added 0.7%, Hong Kong's Hang Seng surged 2.2% and China's Shanghai Composite went up 0.2%.
The shares of Baidu and Alibaba went up after they reported better than expected results.
Wall Street ended up higher after seven weeks of declines, the longest stretch since 2001.
The S&P 500 rose by 79.11 points, or 2%, to 4,057. The Dow added 516.91 points, or 1.6%, to 32,637. The Nasdaq rose by 305.91 points, or 2.7%, to 11,740, and rose 305.91 points, or 2.7%. Retailers led the broader market higher Thursday. Macy's revenue rose by 19.3% after it increased its profit forecast for the year after a strong first-quarter financial report. Dollar General went up 13.7% and Dollar Tree gained 21.9% for the biggest gain in the S&P 500 after the discount retailers reported solid earnings and gave investors encouraging forecasts.
Shares of Costco Wholesale fell by 2% in the after-hours trading. Profit and revenue exceeded expectations. Same-store sales grew by double-digits, but fell short of expectations.
Shares of Dell Technologies gained 7% in the after-hours trading. Profit and revenue surpassed expectations for enterprise computing hardware and business PC sales. The company raised its full-year guidance.
The yield on the 10 year Treasury was 2.74% on Friday morning.