US Futures Slip After Unemployment Claims Data

By: Associated Press
By: Associated Press

U.S. stock index futures are falling after disappointing news on unemployment applications and a decline in most major European markets.

The number of people seeking unemployment benefits remains near its highest level in three months, the Labor Department says.

Dow Jones industrial average futures are down 0.2 percent at 13,018. Standard & Poor's 500 futures are off 0.3 percent at 1,383. Nasdaq 100 futures are down 0.2 percent at 2,699.

In Europe, most markets are slipping following disappointing results from several major companies. Germany's DAX is down 0.3 percent. France's CAC-40 is off 0.8 percent. Britain's FTSE 100 index, however, is edging up 0.2 percent.

U.S. stocks to watch on Thursday include PepsiCo Inc. and Exxon Mobil, both of which reported sharp drops in first-quarter profit.

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