NEW YORK (TheStreet) -- Stock futures were setting up for further records on Friday, though only barely after disappointing industrial production data weighed on Wall Street.

S&P 500 futures were up 0.07%, Dow Jones Industrial Average futures climbed 0.04%, and Nasdaq futures added 0.19%.

Stocks rallied back to record levels on Thursday, helped by continued weakness in the U.S. dollar and as Treasury yields stabilized. The S&P 500 closed 3 points above a previous record, while the Dow hovered within 40 points of its high.

Industrial production remained weak in April, down 0.3% compared to an expected flat reading. The measure fell 0.6% in March. 

The Empire State manufacturing index moved into positive territory in May, but not by enough to satisfy expectations. Manufacturing conditions in New York rose to 3.1 from a negative reading of 1.2 in April, though the reading came in below estimates of 5.5.

"This was a constructive report as the rise back in expansionary territory is an important indication that the backsliding in activity may have ended," said TD Securities' Millan Mulraine in a note. "Nevertheless, with the index still languishing close to the zero mark, it suggests that growth momentum in the manufacturing sector has rebounded only marginally, which is a far cry from the spectacular bounce in activity seen last year."

Netflix(NFLX) - Get Report could be taking its content to China. The streaming service is reportedly in talks with Shanghai-based BesTVNew Media and Wasu Media Holding, a company backed by a group that includes Alibaba's(BABA) - Get Report Jack Ma. Shares were up 3.2%.

King Digital Entertainment (KING) , creator of popular mobile game Candy Crush, tumbled more than 10% in premarket trading after warning that foreign currency exchange could hurt its results later in the year. 

Avon Products(AVP) - Get Report slipped before the bell as investors continue to take back gains after a rally on Thursday. The beauty company surged following a bizarre hoax in which a Securities and Exchange Commission filing said Avon received a generous buyout offer from a company that doesn't appear to exist. Click here for more.

Deere(DE) - Get Report fell after receiving a downgrade to "underweight" from Morgan Stanley. Analysts said the industry was in "dire straits with the potential for a liquidity crunch for farmers into 2016."