US futures slightly higher

New York - US stock index futures edged slightly higher on Thursday as investors continued to digest the latest out of the crisis in Ukraine and as they looked ahead to data on US fourth-quarter economic growth.

File image. Credit: THE PHOTO HOLIC

While the market was supported by several economic indicators that pointed to improving conditions, investors used the uncertainty as an opportunity to take profits in some of the market's biggest outperformers, especially in the technology and biotech sectors.

While Western leaders earlier agreed to hold off on new sanctions unless Moscow takes further destabilising actions in the region, investors are concerned about the potential fallout to prolonged conflict.

A source close to the matter told Reuters that Citi officials had not expected the rejection.

The GDP data is due at 8:30 a.m. (14:30 SA time), as are weekly jobless claims, which are expected to have risen by 5,000 to 325,000 in the latest week.

Sales are seen as having held steady in February.

Dow Jones industrial average futures added 6 points and Nasdaq 100 futures rose 7.25 points.

The credit is in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years.

Shares of King rose 2.5 percent to $19.45 in premarket trading. - Reuters