The Empire State manufacturing index for May is scheduled for release at 8:30 a.m. ET. Following April's 26.3 reading, the Empire State index is expected to ease back slightly to 25.0 in May.
The housing market index for April will be released at 10:00 a.m. ET. The housing market index is expected to hold steady at 83 in April.
Rosenblatt lowered Coinbase Global, Inc. (NASDAQ: COIN) price target from $450 to $400. Coinbase Global shares rose 2.4% to $271.46 in pre-market trading.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade ahead of several economic reports. The Dow Jones surged more than 400 points in the previous session, recovering from a sharp sell-off earlier in the week.
Gainers
AMC Entertainment Holdings, Inc. (NYSE: AMC) shares surged 23.7% to close at $12.77.
Moxian, Inc. (NASDAQ: MOXC) jumped 23.6% to close at $9.52.
Data on retail sales for April will be released at 8:30 a.m. ET. Analysts expect retail sales rising 1% in April following a massive 9.8% surge in the previous month driven by stimulus checks.