U.S. stock-index futures point to a slightly lower start for Wall Street as investors continue to watch U.S.-China trade talks while awaiting data on jobless claims and the outcome of a European Central Bank policy meeting.
Stock-index futures pointed to a slightly lower start for Wall Street on Thursday, as investors continued to watch U.S.-China trade negotiations while awaiting weekly jobless claims figures and the outcome of a European Central Bank policy meeting.
Major indexes suffered a third straight daily decline on Wednesday, with the Dow DJIA, -0.52% falling 133.17 points, or 0.5%, to close at 25,673.46, and the S&P 500 SPX, -0.65% declining 18.20 points, or 0.7%, to 2,771.45. The Nasdaq Composite COMP, -0.93% fell 70.44 points, or 0.9%, to finish at 7,505.92.
The European Central Bank is due to conclude a policy meeting later Thursday morning followed by a news conference by ECB President Mario Draghi. The ECB is widely expected to slash its staff economic forecasts and potentially move to further delay its timetable for future rate increases, and lay the groundwork for renewed long-term loans to eurozone lenders in the face of a slowing eurozone economy.
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