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U.S. futures hold steady ahead of economic reports; Dow Jones down 0.04%

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Investing.com -

Investing.com - U.S. stock futures pointed to a steady open on Thursday, as markets were jittery ahead of the release of a number of U.S. economic reports, as well as fresh first-quarter earnings.

Ahead of the open, the Dow 30futures pointed to a 0.04% dip, S&P 500futures signaled a 0.10% loss, while the Nasdaq 100futures indicated a 0.02% uptick.

The New York Times (NYSE:NYT) was expected be in the spotlight as shares surged 5.25% in late trading, after the company said Jill Abramson, its executive editor, was unexpectedly leaving the position.

Tech stocks were also set to be active, after a U.S. congressional investigation found on Wednesday that the $43 billion online-advertising network is jeopardizing consumer privacy and giving hackers an easy way to infect computers. Google (NASDAQ:GOOGL) shares slipped 0.11% in after-hour trade.

Pfizer (NYSE:PFE) shares were up 0.11% in extended trade, after Chief Executive Officer Ian Read told U.K. lawmakers on Wednesdat that a deal to acquire rival Astrazeneca (LONDON:AZN) would help allow the combined company to challenge the current leaders in oncology.

However, the U.K. drugmaker was said to have disagreed.

Elsewhere, Sears Holdings (NASDAQ:SHLD) was expected to move after the department-store chain said it was exploring options including a possible sale for its stake in Sears Canada.

Macy's (NYSE:M) was steady, up 0.03%, after the retailer reported slightly better-than-expected earnings, but said sales unexpectedly dropped.

Other stocks likely to be in focus included Wal-Mart Stores (NYSE:WMT), Nordstrom (NYSE:JWN), JC Penney (NYSE:JCP), Applied Materials (NASDAQ:AMAT) and Advance Auto Parts (NYSE:AAP), scheduled to report quarterly results later in the day.

Across the Atlantic, European stock markets were lower. The DJ Euro Stoxx 50 fell 0.12%, France's CAC 40 slipped 0.18%, Germany's DAX dipped 0.02%, while Britain's FTSE 100 inched 0.02% lower.

During the Asian trading session, Hong Kong's Hang Seng gained 0.66%, while Japan's Nikkei 225 dropped 0.75%.

Later in the day, the U.S. was to release data on initial jobless claims, consumer inflation and industrial production, as well as a report on manufacturing activity in the Philadelphia region.

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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.


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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