NEW YORK (TheStreet) -- Stock futures fell but were suggesting Wall Street would stabilize on Thursday after weeks of wild swings.
S&P 500 futures were down 0.26%, Dow Jones Industrial Average futures slid 0.3%, and Nasdaq futures fell 0.18%.
Weekly jobless claims fell 6,000 to 275,000 in the week ended Sept. 5, an indication the labor market continued to tighten. The result was as economists had expected. The average number of new claims for unemployment benefits over the past month rose 500 to 275,750, according to the Labor Department.
Import prices fell 1.8% in August, their biggest decline of 2015, as oil prices remained low and the high U.S. dollar made foreign goods cheaper. Over the past year, import prices have dropped 11.4%, their largest decline since 2009.
Global markets were lower, taking their cue from heavy declines in U.S. equities a day earlier. Major U.S. benchmark indexes declined more than 1% as a selloff in crude oil hit the energy sector hard.
In Europe, Germany's DAX fell 0.9%, France's CAC 40 slid 0.9%, and the FTSE 100 in London stumbled 1.2%.
Asian markets were also lower, though massive declines had tapered off on Thursday. China's Shanghai Composite fell 1.4% and the Nikkei in Japan fell 2.5%.
China's consumer prices rose 2% in August, up from 1.6% in July, as a nearly 20% surge in pork prices increased food expenses. Meanwhile, producer prices looked worse for wear, sliding 5.9% in the 42nd straight monthly decline.
Japanese machinery orders posted a surprise drop of 3.6% in July, a far cry from an expected increase of 3.7%. The measure is an indicator of capital expenditure and economists had hoped it would have seen a healthy boost from lower energy prices.
During its annual product event on Wednesday, Apple (AAPL - Get Report) announced a revamped Apple TV which will feature voice commands using voice-activated personal assistant Siri and a touch interface. The company also unveiled a larger iPad, which will measure 12.9 inches on the diagonal, and a stylus for the iPad called Pencil which will retail for around $99.
Amazon (AMZN - Get Report) announced plans to discontinue its Fire Phone after selling through its inventory. The smartphone had received poor reviews upon its release in 2014 and has since seen weak demand.
Lululemon (LULU - Get Report) reported a better-than-expected second quarter, benefiting from an increase in sales and a greater number of stores. The athletic apparel company reported comparable-store sales rose 6% over the quarter, while total revenue jumped 16% to $453.01 million.