Stock Futures Down as Jobless Claims Disappoint
Thursday also brings the National Association of Realtors' report on pending home sales for March at 10 a.m. The number of Americans signing contracts to buy previously owned homes likely increased 1% in March after dipping 0.5% in February.
In Europe, London's FTSE was trading sideways and Germany's DAX was down 0.5%. Hong Kong's Hang Seng rose 0.8% and Japan's Nikkei Average finished flat.
Confidence in the eurozone weakened in every aspect in April, with a European Commission survey showing that economic confidence there dropped to 92.8 in April, the lowest level in more than year, from 94.5 in March. Weakness was registered in every area from consumers to industry, sparking worries that the eurozone will struggle to return to growth this year.
In corporate news, Exxon shares were falling 1.2% after the oil giant reported first-quarter profit of $9.5 billion, or $2 a share, down from $10.65 billion, or $2.14 a share last year, falling short of the Wall Street consensus target of $2.09.
PepsiCo(PEP) reported first-quarter earnings that beat analysts' expectations. The beverage and snacks maker earned $1.13 billion, or 71 cents a share, down slightly from year-earlier earnings of $1.14 billion, or 71 cents, while core earnings were 69 cents a share; analysts were expecting 67 cents. Shares were up 0.3% ahead of the open.
UPS(UPS) were sliding 2.3% after the largest overnight package shipper said net income was $970 million, or $1 a share. Analysts had estimated $1.01. Revenue rose 4% to $13.1 billion. Analysts had estimated $13.3 billion.
In commodity markets, the June crude oil contract was down by 13 cents to trade at $103.99 a barrel. The June gold contract was up by $5.30 to $1,647.60 an ounce.
The benchmark 10-year Treasury was last gaining 8/32, diluting the yield to 1.959%. The greenback was trading sideways against a basket of currencies, according to the dollar index.