New York - US stock index futures were little changed on Thursday ahead of a slew of economic data that could provide a better picture of the health of the economy.
Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States.
The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS
The stock was down 3 percent in premarket trade.
Kohl's Corp shares fell 2 percent in premarket trade following the company's earnings results.
At 8:30 a.m. EDT (14:30 SA time), consumer price index for April and weekly jobless claims data are due.
The New York Fed's Empire State and Philadelphia Fed manufacturing surveys are due at 8:30 a.m. and 10:00 a.m. EDT, respectively. Industrial production data is due at 9:15 a.m. ET.
Federal Reserve Chair Janet Yellen is due to deliver a speech on Thursday evening at a Small Business Administration event in Washington.
S&P 500 e-mini futures fell 2.1 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 e-mini futures lost 12 points while Nasdaq 100 e-mini futures added 3 points.
US stocks fell on Wednesday, with the Dow and S&P 500 retreating from recent record highs, as small caps resumed their sell-off and consumer discretionary shares lagged.
Shares of Cisco Systems Inc could be in the spotlight after the network equipment maker posted a shallower-than-expected 5.5 percent drop in quarterly revenue.
The stock was up 6.5 percent in premarket trade. - Reuters