The Consumer Price Index for October came in flat compared to an expected 0.1% slip in the costs of consumer goods. "Core" CPI, which excludes volatile items such as energy and food, came in as expected at 0.2% compared to 0.1% a month earlier.
Meanwhile, initial jobless claims slipped to 291,000 in the week ended last Friday, compared to a forecast 286,000.
To China, HSBC's November flash purchasing manufacturing index fell to a six-month low, contracting to a reading of 50, below forecasts for 50.3. The data gave concern to investors that the world's second-largest economy was shrinking.
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In Europe, purchasing managers' indices showed widespread weakness across the region with a reading of 51.4, which was well below even the lowest of forecasts. The eurozone has suffered deflation concerns and unemployment woes and recent weaker-than-expected data give investors reason to fear the region could fall into recession.
Japan, which slipped into its own recession in its third quarter, also posted slightly slower manufacturing activity in November, down 0.3 points to 52.1. However, output rose to its highest in eight months, giving some hope for resilience in the Japanese economy.
Dow Jones Industrial Average futures were 0.36% lower, S&P 500 futures slipped 0.38%, and Nasdaq futures slid 0.36%.
Salesforce.com (CRM) shares were down nearly 4% in premarket trading after the software-as-a-service provider issued light fourth-quarter guidance and a disappointing forecast for the year ahead.
Best Buy (BBY) earned an adjusted 32 cents a share in the third quarter, topping analysts' estimates of 25 cents. The stock rose 6% in premarket trading.
Alibaba (BABA) shares were losing 0.62% as the Chinese e-commerce company prepares to raise another $8 billion in bonds. Alibaba said it will use a portion of the funds to repay existing loans.
Lifestyle retailer Williams-Sonoma (WSM) surged more than 7% after beating earnings estimates and reporting a 8.7% increase in comparable-store sales in its recent quarter.
--Written by Keris Alison Lahiff in New York.