S&P 500 futures were up 4.1 points at 1,033.4 and Nasdaq 100 futures edged up 6.75 points to 1,645.7. Futures on the Dow Jones Industrial Average gained 20 points to 9,587. U.S. stocks closed higher on Thursday as stronger commodity stocks driven by a rebound in oil prices offset earlier losses. The Dow Jones Industrial Average (INDU 9,581, +37.11, +0.39%) ended at 9,580.63, up 37.11 points, or 0.4%, with the blue-chip index's winning streak extended to an eighth consecutive session -- its longest run since April 2007. The S&P 500 Index (SPX 1,031, +2.86, +0.28%) added 2.86 points, or 0.3%, to 1,030.98 and the Nasdaq Composite (COMP 2,028, +3.30, +0.16%) advanced 3.3 points, or 0.2%, to 2,027.73. Advancing for a second day, crude futures were up 73 cents to $73.22. Gold prices were up $5 to $952.30. Analysts said markets are looking for reasons to move higher with positive data seen as already factored into the market. There is also some fear that a China recovery could be delayed. "In the last couple of days, the market is showing signs of fatigue," said Peter Boockvar, equity strategist at Miller Tabak. Economic data due out on Friday include July personal income and spending at 8:30 a.m. Eastern time and a consumer sentiment survey for August at 10 a.m. Eastern time. On Thursday, the Commerce Department said the recession eased its grip on the U.S. economy in the second quarter, with real gross domestic product falling 1% after contracting 6.4% in the first quarter. The Labor Department reported a decline in initial weekly jobless claims as well as continuing claims. On the corporate side, Tiffany & Co. (TIF 33.75, +0.09, +0.27%) is due to report quarterly results before the bell. In Europe, shares rose, up for the first time in three session with investors cheered by results from French cosmetics giant L'Oreal (FR:OR 68.61, +4.06, +6.28%) and European retailing giant Carrefour (FR:CA 33.09, +1.50, +4.74%) , with miners leading the way higher. The pan-European Dow Jones Stoxx 600 index (ST:SXXP 238.03, +2.79, +1.19%) staged a broad-based advance, up 1.3% at 238.31. In Asia, stocks were mixed as weakness in Chinese markets continued to hurt investor sentiment. The Shanghai Composite Index fell 2.4% and the Shenzhen index dropped 2.3% on concerns of more large-scale fund-raising activity after Bank of China President Li Lihui late Thursday said the bank may issue new shares to boost its capital base. The Nikkei rose 0.2%, but Hong Kong's Hang Seng Index fell 0.5%. The dollar rose against the yen and the euro, last trading at 93.93, while the euro slipped to $1.435. Barbara Kollmeyer is an editor for MarketWatch in Madrid.

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