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US STOCKS-Futures little changed as investors pause ahead of data
October 5, 2017 / 11:31 AM / 2 months ago

US STOCKS-Futures little changed as investors pause ahead of data

* Futures: Dow up 2 pts, S&P unchanged, Nasdaq up 3.75 pts

By Gayathree Ganesan

Oct 5 (Reuters) - U.S. stock index futures were little changed on Thursday as investors took a breather after the main indexes hit record highs for three straight days.

* A barrage of economic data, including weekly jobless claims and trade deficit numbers, is scheduled to be released later in the day.

* The U.S. Labor Department is expected to report a fall in initial jobless claims for the week ended Sept. 30 to 265,000 from 272,000 the week before. The data is due at 8:30 a.m. ET (1230 GMT).

* At the same time, the Commerce Department is likely to report a smaller trade deficit at $42.7 billion in September, compared with $43.7 billion in August.

* The three major indexes hit record-highs on Wednesday, following encouraging data on the services sector.

* The dollar was flat against a basket of currencies and global stocks backed off from Wednesday’s record highs as the European Central Bank held it final meeting to decide its exit from ultra-easy monetary policy.

* Oil prices stabilized on Thursday after a wobble on expectations of an extension of production cuts by Saudi Arabia and Russia, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market.

* Fed Governor Jerome Powell, a permanent voting member on the Federal Reserve’s rate-setting committee, will address the Treasury Market Practices Group (TPMG) later in the day.

* Brewer Constellation Brands is scheduled to report second-quarter earnings before the bell. Costco Wholesale Corp will report fourth-quarter earnings after the market closes.

Futures snapshot at 7:06 a.m. EDT:

* Dow e-minis were up 2 points, or 0.01 percent, with 7,783 contracts changing hands.

* S&P 500 e-minis remained unchanged, with 63,896 contracts traded.

* Nasdaq 100 e-minis were up 3.75 points, or 0.06 percent, on volume of 9,047 contracts. (Reporting by Gayathree Ganesan and Ankur Banerjee in Bengaluru)

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