Upcoming Economic Data Push US Equity Futures into Red Territory

US equity futures posted narrow losses Thursday as traders awaited another string of readings on the US economy, including jobless claims and producer prices.

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The Dow Jones Industrial Average futures slipped 0.2%, S&P 500 futures declined 0.3%, and Nasdaq futures were 0.3% lower.


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Oil prices were little changed, with front-month global benchmarks Brent crude and West Texas Intermediate crude both hovering near the flatline, after government data showed a 16.3-million-barrel weekly build in US crude inventories.

At 8:30 am ET, data are expected to show US housing starts dropping to a 1.353 million annualized rate in January from 1.382 million in the prior month, while permits are seen rising to 1.35 million from December’s 1.33 million. New unemployment claims are expected to come in at 200,000 in the week ended Feb. 11 versus 196,000 in the prior week. Forecasters see the Philadelphia manufacturing index at negative-7.5 in February after January’s negative-8.9, while producer prices are expected to rise 0.4% in January, according to data compiled by Bloomberg.

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