US pre-open: Wall Street futures in the green after first positive session in days

Wall Street futures had stocks opening higher ahead of the bell on Friday after major indices bounced back from a three-day losing streak in the prior session.

As of 1220 BST, Dow Jones futures were up 0.36%, while S&P 500 and Nasdaq-100 futures were 0.32% and 0.28% higher, respectively.

The Dow closed 188.11 points higher on Thursday, reversing losses recorded in the previous session.

In focus ahead of the open, cruise stocks were in the green after Carnival said certain brands would resume cruises between Seattle and Alaska in July, while Home Depot shares rose after the retailer announced a new $20.0bn share buyback program.

Shares in the likes of Tesla and Coinbase also rallied in pre-market trading as bitcoin prices stabilised after a rollercoaster day for the cryptocurrency on Wednesday.

Swissquote's Ipek Ozkardeskaya said: "We finally see some relief in the global equity markets; a good rebound in European indices yesterday followed by a decent progress led by tech stocks in New York hint that the worries over inflation are easing for now, although these inflation worries will be re-heated and re-served to the market often from now on, unless we see a sustainable deceleration in the commodity rally, or soft, but not too ugly economic data that would hint at stabilizing inflation without necessarily hinting at bad economic recovery. That's a fine line to walk for the Federal Reserve."

On the macro front, a flash reading of May's IHS Markit manufacturing PMI will be released at 1545 BST, while existing home sales data for April will follow at 1600 BST.