The first revision to first-quarter GDP showed the U.S. economy grew at a rate of 1.2 percent, higher than an expected reading of 0.7 percent. Meanwhile, durable goods orders declined 0.7 percent, less than expected. Consumer sentiment data for May are also scheduled for release at 10 a.m. ET.
In oil markets, Brent crude traded at around $51.65 a barrel on Friday, up 0.37 percent, while U.S. crude was around $49.03 a barrel, up 0.27 percent.
OPEC and non-OPEC members reached a deal to extend production cuts for an additional nine months on Thursday. However, investors seemed disappointed that more aggressive measures to reduce a global supply overhang were not taken.