US futures slip ahead of retail sales

New York - US stock index futures declined on Thursday, after a disappointing outlook from Cisco Systems and ahead of data on retail sales and the labor market.

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

Retail sales are expected to be flat in January after a 0.2 percent decline in December.

Initial claims are expected to come in at 300,000, a slight drop from the 331,000 reported in the prior week.

Shares of Charter Communications Inc, which had also pursued Time Warner, fell 6.2 percent to $129 before the opening bell.

Dow Jones industrial average futures lost 59 points and Nasdaq 100 futures dropped 18.25 points.

Yellen's testimony Tuesday helped fuel strong gains on Wall Street.