U.S. stock futures turned slightly lower after data showed a smaller-than-expected increase in weekly jobless claims on Thursday and amid a set of mixed results started off the quarterly earnings season.
Jobless claims in the week ended April 4 rose 14,000 to 281,000 compared to the expected 285,000. Claims in the preceding week were revised down by 1,000 to 267,000.
At 10:00 a.m., wholesale inventories for February are expected to have increased 0.2% compared to the 0.3% increase in January. The consensus range is for inventories to be unchanged to 0.6% higher, according to data compiled by Econoday.
Alcoa ( AA ) unofficially started off the earnings season late Wednesday with a beat on earnings and a miss on sales. AA was lower by nearly 3% in recent premarket trade.
Other notable equities movers included social video games maker Zynga ( ZNGA ), off by over 10% after saying CEO Don Mattrick will leave the company and will be replaced by founder and chairman Mark Pincus who will return to the CEO role. Walgreens Boots Alliance ( WBA ) added 3% after adjusted fiscal Q2 earnings topped estimates, even as sales fell short.
U.S. PRE-MARKET INDICATORS
-Dow Jones Industrial down 0.07%
-S&P 500 futures down 0.12%
-Nasdaq 100 futures down 0.05%
GLOBAL SENTIMENT
Nikkei up 0.75%
Hang Seng up 2.70%
Shanghai Composite down 0.78%
FTSE-100 up 0.70%
DAX-30 up 0.43%
PRE-MARKET SECTOR WATCH
(+/-) Large cap tech: mixed
(+) Chip stocks: unchanged to higher
(+/-) Software stocks: unchanged
(+/-) Hardware stocks: mixed
(+/-) Internet stocks: mixed
(+/-) Drug stocks: mixed
(+) Financial stocks: unchanged to higher
(+/-) Retail stocks: mixed
(-) Industrial stocks: unchanged to lower
(+) Airlines: higher
(+/-) Autos: mixed
UPSIDE MOVERS
(+) PIR (+4.4%) Fiscal Q4 beats view; sales misses
(+) INFN (+5.0%) Offers $ 350 million in cash, stock for Sweden’s Transmode
(+) NVGN (+41.4%) Experimental drug kills melanoma cells
(+) EXEL (+13.7%) Gets fast-track designation for renal cell carcinoma treatment
(+) TASR (+4.7%) Receives order from City of London police department
(+) OPXA (+9.7%) Nets $ 12 million in rights offering
(+) AMCN (+7.8%) Gets Wi-Fi concession right on ordinary trains operated by Shanghai Railway Bureau
(+) INO (+7.7%) INO-3112 immunotherapy activates response in head and neck cancer patients
(+) WPCS (+35.1%) Wins $ 14.4 million in new contracts in March
(+) LB (+1.1%) March comparable store sales rise 9%, lifted by earlier Easter
(+) UAL (+2.8%) March traffic, capacity, load factor, decline
(+) DBVT (+3.9%) Gets breakthrough therapy designation for peanut allergy treatment
(+) LNKD (+1.5%) Buys online learning platform Lynda.com for $ 1.5 billion
DOWNSIDE MOVERS
(-) BBBY (-3.2%) Fiscal Q4 meets views
(-) COST (-1.0%) March comparable sales fall 2%
(-) MEMP (-5.1%) Shareholder to sell 4.7 million units
(-) SRC (-1.2%) Starts secondary offering of 20 million shares
(-) SHPG (-1.9%) Alagille Syndrome treatment fails to meet endpoints
(-) GPT (-1.0%) Initiates sale of 7 million shares
(-) CLF (-4.6%) BMO Capital downgrades to underperform vs market perform; PT slashed