September 7, 2017 / 11:35 AM / 10 months ago

US STOCKS-Futures flat as investors keep an eye on Hurricane Irma

* Futures: Dow flat, S&P up 1.50 pts, Nasdaq up 6.75 pts

By Sruthi Shankar

Sept 7 (Reuters) - U.S. stock index futures were little changed on Thursday as investors tracked Hurricane Irma's path and awaited the weekly jobless claims report.

* Hurricane Irma, which has killed eight people on the Caribbean island of Saint Martin, is likely to be downgraded to a Category 4 storm by the time it makes landfall in Florida, the U.S. National Hurricane Center said on Thursday.

* Wall Street took a breather on Wednesday when President Donald Trump agreed to pass an extension of the U.S. debt limit until Dec. 15, potentially avoiding an unprecedented default on U.S. government debt.

* Investors are also awaiting news on tax reform after Trump said he would get into "great detail" in the next two weeks. The plan has been short on specifics, even after months of discussions among administration and congressional leaders.

* A weekly report from the U.S. Labor Department is likely to show the number of Americans filing for unemployment benefits increased by 5,000 to 236,000 for the week ended Sept. 2. The data is due at 8:30 a.m. ET (1230 GMT).

* Key Federal Reserve policymakers scheduled to speak on Thursday include Cleveland Fed head Loretta Mester, New York Fed chief William Dudley and their Kansas City counterpart Esther George.

* The Federal Reserve in its Beige Book issued on Wednesday showed that the U.S. economy expanded at a modest to moderate pace in July through mid-August, but signs of an acceleration in inflation remained slight.

* Global stocks inched higher as markets waited to hear just how close the European Central Bank is to scaling back its more than 2 trillion euro ($2.75 trillion) stimulus program.

* Among stocks, FireEye rose 4 percent in premarket trading after Morgan Stanley upgraded the stock to "overweight".

* GoPro jumped 13.48 percent after the action camera maker said it expected to be profitable on an adjusted basis in the third quarter.

* RH surged more than 36 percent after the upscale furniture retailer raised its full-year earnings forecast.

Futures snapshot at 6:58 a.m. ET:

* Dow e-minis remained unchanged, with 23,748 contracts changing hands.

* S&P 500 e-minis were up 1.5 points, or 0.06 percent, with 156,181 contracts traded.

* Nasdaq 100 e-minis were up 6.75 points, or 0.11 percent, on volume of 35,497 contracts. (Reporting by Sruthi Shankar in Bengaluru)

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