US futures edge higher

New York - US stock index futures inched higher on Friday, ahead of data on the housing market, with the S&P 500 on track to score its first weekly gain in the past three.

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

Expectations call for sales of single-family homes to climb to 425,000 units from the seasonally adjusted annual rate of 384,000 units in the prior month.

The benchmark S&P index has climbed in four of the past five trading days and is up 0.8 percent for the week.

The index has been range-bound between the highs and its 50-day moving average as investors have been unsure of the pace of the economic recovery.

Dow Jones industrial average e-mini futures gained 12 points and Nasdaq 100 e-mini futures added 5.25 points.