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Futures Pressured as Germany Nixes Greek Aid, Oil Falls on Excess Supply

Stock futures were mixed into Thursday's open with weaker energy prices along with Germany's rejection of Greece's request for more money dragging down both S&P and Dow futures, while gains in Priceline ( PCLN ) were setting up the tech-heavy Nasdaq index for its sixth consecutive day higher.

Besides Q4 earnings from heavyhitters Walmart ( WMT ) and T-Mobile ( TMUS ), and Greece's failed attempt to borrow more money from the European Union, Wall Street is also digesting yesterday's Federal Open Market Committee minutes. The risk to the economy from falling energy prices has investors particularly spooked by supply data that continues to pressure oil prices.

This morning's economic data kicked off with a much greater-than-expected decline in initial jobless claims, down 21,000 to 283,000 vs the consensus for a 14,000 decline to 290,000. Claims for the week ended were unrevised at 304,000.

Later this morning, the Philadelphia Fed releases their business conditions index for February, expected to advance to 8.2 from January's 6.3.

Also, leading economic indicators for January should increase 0.3%.

-Dow Jones Industrial down 0.13%

-S&P 500 futures down 0.18%

-Nasdaq 100 futures up 0.06%

SENTIMENT

Nikkei up 0.36%

Hang Seng up 0.19%

Shanghai Composite up 0.78%

FTSE-100 down 0.16%

DAX-30 down 0.03%

PRE-MARKET SECTOR WATCH

(-) Large cap tech: Lower

(+/-) Chip stocks: Flat

(+/-) Software stocks: Flat

(-) Hardware stocks: Lower

(-) Internet stocks: Lower

(-) Drug stocks: Lower

(-) Financial stocks: Lower

(+/-) Retail stocks: Mixed

(+/-) Industrial stocks: Mixed

(+) Airlines: Higher

(-) Autos: Lower

UPSIDE MOVERS:

(+) PCLN (+8.28%) Q4 EPS top expectations by $0.75, revenue up 19% from year ago

(+) BBW (+5.70%) Reported Q4 results that topped the Street view on both EPS and total revenues.

(+) PAL (+15.64%) Reported 44% increase in revenue as a result of 29% production increases

(+) BJRI (+10.92%) Beat Q4 earnings estimates by ten cent0073

DOWNSIDE MOVERS:

(-) EOG (-7.92%) Reported a year-over-year decline in its Q4 2014 earnings on higher revenues compared to the same period in 2013.

(-) SCTY (-3.50%) Reported wider-than-estimated Q4 loss, foresees Q1 loss above street expectations

(-) DAN (-2.51%) Lowers FY2015 guidance below street estimates

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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