NEW YORK (
) -- Stock futures pointed to a lower open Thursday as initial jobless claims rose by 12,000, and as investors absorbed disappointing eurozone data.
Futures for the
Dow Jones Industrial Average
were down by 65 points at 10,608 and were 65 points below fair value. Futures for the
were lower by 9 points at 1121 and were 8 points below fair value, and
futures were down by 11 points and were 12 points below fair value.
A survey of purchasing managers in the eurozone came in at 53.8, falling from 56.2 in August and prompting concerns about growth.
The Labor Department said initial weekly jobless claims rose by 12,000 to 465,000 in the week ended Sept. 18, exceeding the 450,000 claims that economists had been expecting, according to Briefing.com.
The National Association of Realtors is projected to say that existing-home sales rose to 4.1 million in August, from 3.83 million, previously, when it releases its report at 10 a.m. EDT.
Also at 10 a.m., market-watchers are anticipating 0.1% growth in the Conference Board's August leading indicators index, according to Briefing.com. That compares with similar growth in July.
At 10:30 a.m., the Energy Information Administration gives its weekly read on natural gas storage levels. According to analysts polled by Platts, supplies are expected to increase by 77 to 81 billion cubic feet in the week ended Sept. 17.
Ahead of the report, the October natural gas contract was gaining 2 cents to trade at $3.99 per million British thermal units. Meanwhile, November crude was off by 55 cents at $74.16 a barrel.
Elsewhere in commodity markets, the December gold contract was higher by $2.10, trading at $1,294.20 an ounce.
In equities news,
upped its quarterly dividend by11% to 61 cents a share.
said Thursday it reached an agreement with bondholders to recapitalize its balance sheet and has filed for Chapter 11.
The dollar was trading higher against a basket of currencies, with the dollar index up by 0.3% while the benchmark 10-year Treasury note strengthened 9/32, diluting the yield to 2.524%.
Overseas, Hong Kong's Hang Seng and Japan's Nikkei were closed for holidays. The FTSE in London was losing 0.8%, and the DAX in Frankfurt was also down by 0.8%.
--Written by Melinda Peer in New York
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.