Stock futures slip ahead of jobless data
U.S. stock index futures were slightly lower on Thursday ahead of data on weekly jobless claims and international trade.
The Labor Department releases the jobless claims data at 8:30 a.m. EST (1330 GMT). Economists in a Reuters survey forecast a total of 460,000 new filings, compared with 469,000 in the prior week.
The Commerce Department releases January international trade figures also at 8:30 a.m. EST. Economists in a Reuters survey forecast a $41.0 billion deficit, compared with a $40.18 billion deficit in December. For details, see
London-based oil major BP Plc
S&P 500 futures fell 3 points and were below 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 slipped 5 points, and Nasdaq 100 futures lost 1.25 points.
Later Thursday, Pall Corp
and National Semiconductor Corp
Citigroup Inc
U.S. regulators are stepping up an investigation into Google Inc's
Microsoft Corp
American International Group Inc
Overseas, European shares were little changed as weaker banking and commodity stocks offset gains in utilities and automobiles, while Hong Kong and China stocks were slightly higher on strength in banks.
Bank and technology shares lifted Wall Street on Wednesday on hopes THAT a revival in business demand will boost corporate profits.
(Editing by Jeffrey Benkoe)
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