India, Aug. 15 -- Following the lackluster performance seen in the previous session, stocks may continue to show a lack of direction in early trading on Friday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by less than a tenth of a percent.

Traders may be reluctant to make significant moves as they keep an eye on a highly-anticipated meeting between President Donald Trump and his Russian counterpart Vladimir Putin.

Trump and Putin are scheduled to meet in Alaska later today to discuss ending the drawn out war in Ukraine, although the outcome of the summit may not be known until after the close of trading.

The futures remained little changed following the release of a b...