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U.S. Futures Point To Lower Open On Wall Street


Earnings and a set of economic data might be the focus on Thursday. Jobless claims and Philadelphia Fed Business Outlook Survey would get a special attention from investors.

Initial trading on U.S. Futures Index suggest that Wall Street might swing to a negative bias at opening.

Asian shares finished in the red, while European shares are trading higher.
As of 7.15 am ET, the Dow futures were down 27.00 points, the S&P 500 futures were declining 5.50 points and the Nasdaq 100 futures were losing 28.50 points.

U.S. stocks closed in the positive territory. The Dow rose 62.52 points or 0.3 percent to 24,768.93, the Nasdaq advanced 46.67 points or 0.6 percent to 7,398.30 and the S&P 500 climbed 11.01 points or 0.4 percent to 2,722.46.
On the economic front, Jobless Claims for the week will be issued at 8.30 am ET. The consensus is for 215K, up from 211k in the last week.

Philadelphia Fed Business Outlook Survey for May will be published at 8.30 am ET. The consensus is for 21.0, down from 23.2 from prior month.

E-Commerce Retail sales for the first quarter will be released at 10.00 am ET. The E-Sales in the prior quarter was 3.2 percent.

The Conference Board's Leading Indicators for April is scheduled at 10.00 am ET. The consensus is for 0.4 percent versus 0.3 percent in the prior month.
The Energy Information Administration or EIA's Natural Gas Report for the week will be revealed at 10.30 am ET. In the prior week the change was 89 bcf.

Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a moderated Q&A with Julie Gugin, the executive director of the Minnesota Home Ownership Center, in Minnesota, with audience Q&A at 10.45 am ET.

Dallas Federal Reserve Bank President Robert Kaplan will participate in a moderated Q&A at the Richardson Chamber of Commerce in Richardson, Texas, with audience and media Q&A at 1.30 pm ET.

Fed Balance Sheet for the week will be published at 4.30 pm ET. The prior week's level was $4.358 trillion.

Money Supply for the week will be issued at 4.30 pm ET. The M2 weekly change was a decline of $8.2 billion.

In the corporate sector, Walmart U.S. reported 2.1 percent increase in first quarter comparable sales, while U.S. eCommerce sales were up 33 percent. The company reported first quarter earnings per share of $0.72, while adjusted earnings were $1.14. Net sales for Walmart increased to $122.7 billion from $117.5 billion a year ago. Revenue in constant currency was $120.7 billion.

Asian stocks ended mostly lower on Thursday. China's Shanghai Composite index dropped 15.28 points or 0.48 percent to 3,154.28, while Hong Kong's Hang Seng index closed 168.05 points or 0.54 percent lower at 30,942.15.

Japanese shares closed higher. The benchmark Nikkei climbed 121.14 points or 0.53 percent to 22,838.37 while the broader Topix index closed 0.45 percent higher at 1,808.37.

Australian shares fell modestly on China trade concerns. The benchmark S&P/ASX 200 index dropped 12.70 points or 0.21 percent to 6,094.30 while the broader All Ordinaries index ended down 10.90 points or 0.18 percent at 6,197.20.

European shares are mostly up. France's CAC 40 is climbing 19.04 points or 0.34 percent. Germany's DAX is up 30.25 points or 0.23 percent. FTSE 100 of U.K. is advancing 10.32 points or 0.14 percent. Swiss Market Index is declining 13.44 points or 0.15 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is progressing 0.15 percent.

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