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) -- Stock futures were pointing to a stronger open Friday as investors anticipated reports that will give more information about the strength of the U.S. consumer.

Futures for the

Dow Jones Industrial Average

were up by 5 points, or 27 points above fair value, at 12,414. Futures for the

S&P 500

were higher by 2 points, or 4 points above fair value, at 1328, and


futures were ahead by 4 points, or 4 points above fair value.

Stocks finished modestly higher Thursday led by strength in energy, materials and tech sectors.

The FTSE in London was rising 0.8%, and the DAX in Frankfurt was advancing 0.3%. Japan's Nikkei slipped 0.4%, while Hong Kong's Hang Seng gained 1%.

Personal income and spending are expected to show slower growth in April. At 8:30 a.m. ET, the Commerce Department is expected to report that personal income rose 0.4% in April after growth of 0.5% in March. Personal spending is slated to tick 0.5% higher in April after rising 0.6% in March, according to

At 9:55 a.m., the University of Michigan will give its final reading on May consumer sentiment. Economists aren't expecting any revisions to the prior May index reading of 72.4, according to In April, the consumer sentiment index came in at 69.8.

At 10 a.m., the National Association of Realtors is projected to report that pending home sales fell 1.4% in March after gaining 5.1% in February.

Shares of

Marvell Technology Group

(MRVL) - Get Free Report

were rising 8.9% to $15.85 ahead of Friday's opening bell after the

chipmaker issued a better-than-expected outlook for the second quarter during its conference call on Thursday.

Online professional network company



saw its stock advance 1.9% to $88 in early trading. Options activity in the stock is scheduled to begin on Friday.

Shares of

OmniVision Technologies


were slipping 4.2% to $34.89 during the premarket session after the

maker of image sensors for camera phones reported increases in fourth-quarter income and revenue and issued guidance that beat analysts' expectations on the high end.

Web security and network optimization company

Blue Coat Systems


gave a disappointing outlook after reporting fourth-quarter results that missed estimates. The stock was losing 11.2% to $19.86 early Friday.

The July crude oil contract was adding 25 cents to trade at $100.48 a barrel. Gold for August delivery was gaining $2.70 at $1,526.40 an ounce.

The benchmark 10-year Treasury fell 4/32, lifting the yield to 3.072%. The dollar weakened against a basket of currencies, with the dollar index down by 0.5%.


-- Written by Melinda Peer in New York


Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.