US futures edge down after record close

New York - US stock index futures dipped on Friday, with investors reluctant to make big bets after the S&P 500 closed at a record and ahead of closely watched data on economic growth.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

All three major indexes are set to end February and the week with gains, and the Nasdaq is on track for its fourth straight weekly rise.

Market participants will look for signs of whether a severe winter hurt growth in the quarter.

Stocks rose on Thursday after Federal Reserve Chair Janet Yellen indicated support for this theory.

The PMI report, due at 9:45 a.m. EST, is seen falling to 57 from 59.6 last month, while sentiment is expected to be flat.

Dow Jones industrial average futures fell 24 points and Nasdaq 100 futures lost 5 points.

For the week, the Dow is up 1.1 percent, the S&P is up 1 percent and the Nasdaq is up 1.3 percent.