US futures point to flat open

New York - US stock index futures pointed to a flat open on Thursday as investors found few reasons to buy following a sharp rally in the previous session and amid signs of weakness in Europe and ongoing uncertainty over Ukraine.

The US bourse is set to open higher as European leaders get ready to meet. Credit: REUTERS

The claims data comes a day after retail sales report also pointed to waning economic momentum, though tepid data could give the Federal Reserve more support to move slowly on raising interest rates, a situation that favours equities.

Shares of the Dow component fell 0.6 percent to $73.60 (R423) before the bell.

The Dow component gave a tepid outlook a day earlier for its current quarter and announced massive job cuts even as revenue beat expectations.

On Wednesday, Macy's Inc cut its full-year same-store sales outlook while Deere & Co cut its profit view.

Dow Jones industrial average e-mini futures fell 2 points and Nasdaq 100 e-mini futures rose 1.25 point.

The S&P 500 is about 2.1 percent below a late-July record close.