Futures hold steady after jobs, inflation data
Stock index futures remained little changed on Thursday after data showed first-time applications for jobless insurance ticked lower in the latest week, and U.S. consumer prices were unexpectedly unchanged in February.
S&P 500 futures rose 0.7 point and were slightly above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures gained 17 points and Nasdaq 100 futures added 3 points.
Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 457,000 in the week to March 13, the Labor Department said, while analysts polled by Reuters had expected claims to slip to 455,000.
In a separate report, the Labor Department said its seasonally adjusted Consumer Price Index was flat after rising 0.2 percent in January.
(Editing by Padraic Cassidy)
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