* Futures up: Dow 47 pts, S&P 3 pts, Nasdaq 5.5 pts
By Yashaswini Swamynathan
Nov 25 U.S. stock index futures were higher on Black Friday, with the focus on retailers to see if they will propel or hit pause on Wall Street's record-setting rally.
* Trading is expected to be relatively quiet with the U.S. stock market scheduled to close at 1:00 p.m. ET (1700 GMT). The market was shut on Thursday for the Thanksgiving holiday.
* The three main U.S. indexes have hit all-time highs and closed at record levels multiple times in the past few days, most recently on Wednesday, when industrial stocks boosted the Dow and the S&P 500 to record-high closes.
* Thanksgiving and Black Friday kick off the holiday shopping season, which is crucial for retailers as it accounts for as much as 40 percent of annual sales.
* Online spending climbed to above $1 billion by Thanksgiving evening, surging almost 14 percent from a year ago, according to Adobe Digital Index.
* Shares of Wal-Mart were up 1.14 percent at $71.64 in light premarket trading. Amazon.com inched up 0.32 percent.
* China's Ctrip.com jumped 9.5 percent to $44.90 after agreeing to buy UK travel search website Skyscanner in a deal valued at around $1.74 billion.
* Johnson & Johnson edged up 0.4 percent after Bloomberg reported on Thursday that the healthcare company had approached Swiss biotechnology firm Actelion about a potential takeover.
* Meanwhile, oil prices fell 1.2 percent amid uncertainty that the OPEC would arrive at a decision to cut production during a meeting next week. The dollar was off 0.28 percent.
Futures snapshot at 6:55 a.m. ET:
* Dow e-minis were up 47 points, or 0.25 percent, with 38,976 contracts changing hands.
* S&P 500 e-minis were up 3 points, or 0.14 percent, with 158,927 contracts traded.
* Nasdaq 100 e-minis were up 5.5 points, or 0.11 percent, on volume of 23,369 contracts. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)
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GLOBAL MARKETS-Tentative oil price recovery lifts energy stocks
LONDON, June 23 World stocks were poised to eke out slim gains for the week on Friday as a tentative recovery in oil prices spurred investors to hunt for bargains in the beaten-down energy sector and helped commodity-related currencies gain against the dollar.