US futures are set to open lower on Friday after a disappointing jobless claims data, which could weigh on sentiment.

Meanwhile, falling commodity prices after the China raised interest rates by 50 basis points may further weaken the main indexes Friday.

Futures on Dow Jones Industrial Average were down 2 points at 11,681. Nasdaq 100 futures were down 0.75 points to 2,302 and S&P 500 futures declined by 3.10 points to 1,278.20.

Yesterday, the DJIA fell 23.54 points, or 0.20 percent, to 11,731.90; the S&P 500 index slipped 2.20 points, or 0.17 percent, to 1,283.76; and the Nasdaq composite shed 2.04 points, or 0.07 percent, to 2,735.29.

The Labor Department said on Thursday initial jobless claims last week rose by 35,000 to 445,000 from the prior to its highest level since October and above expectations. The Labor Department also said that December wholesale prices rose due to higher energy and food costs.

The Commerce Department posted the Consumer Price Index, which is a measure of wholesale inflation, and relayed that it rose 1.1 percent in December.

On the corporate front, all eyes will be on the fourth quarter earnings report of financial giant JPMorgan Chase & Co. (JPM). Wall Street is expecting the firm to earn 99 cents a share on revenue of $24.44 billion for the fourth quarter, according to analysts polled by Thomson Reuters. Last year, the company earned 74 cents a share on revenue of $25.24 billion.

Intel, which reported better-than-expected quarterly earnings yesterday, will also be on the spotlight.

On the economic front, U.S. data due Friday include inflation, industrial production, consumer confidence and business inventories.

European markets were also trading in the red, with UK's FTSE 100 down 0.44 percent, Germany's DAX 30 slipping 0.35 percent and France's CAC 40 dropping 0.22 percent.

Among currencies, euro gained 0.1145 percent against dollar to 1.3380. However, the greenback gained against yen by 0.187 percent to 82.830.

Crude oil prices fell 0.15 percent to $97.91 per barrel and gold futures fell 1.37 percent to 1,368.0 per troy ounce.

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