Dow Jones futures edged lower early Friday, along with S&P 500 futures and Nasdaq futures. The Fed's inflation gauge will be released before the open. Costco WholesaleCOST, ZscalerZS, Ulta BeautyULTA and Dell TechnologiesDELL reported after the close.

The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a lower open for the markets on Friday, with stocks likely to give back ground after ending yesterday’s choppy session moderately higher.