LONDON (MarketWatch) — U.S. stock futures were little changed on Thursday, as investors awaited economic data and eyed a rise in borrowing costs for France and Spain.
Futures on the Dow Jones Industrial Average DJ1Z +0.08% gained 9 points to 11,854 and those on the Standard & Poor’s 500 stock index SP1Z -0.02% were unchanged at 1,231.
Nasdaq 100 futures ND1Z +0.19% were nearly flat at 2,314.
U.S. data on weekly jobless claims and October housing starts will be released at 8:30 a.m. Eastern time. The Philadelphia Fed Business Outlook Survey for November is due at 10 a.m. Eastern.
The blue-chip Dow index DJIA -1.58% slumped nearly 200 points on Wednesday after Fitch Ratings warned that the credit outlook for U.S. banks could worsen unless the euro-zone debt crisis is resolved in a timely and orderly manner.
European stock markets fell on Thursday, with the Stoxx 600 index XX:SXXP -1.17% down 1.1%. The Spanish and French governments conducted debt auctions and saw their borrowing costs rise. Spain’s 10-year-government-bond yields surged to euro-era highs.
The euro EURUSD +0.06% edged up 0.2% to $1.3476. The dollar index DXY -0.30% , which tracks the performance of the greenback against a basket of other major currencies, slipped 0.3% to 78.211.
Crude oil for December delivery CL1Z -0.21% dropped 19 cents to $102.40 a barrel in electronic trading on Globex.
Elsewhere in the commodity markets, gold for December delivery GC1Z -0.80% fell $16.30 to $1,757.90 an ounce in electronic trading on Globex.
On the corporate front, J.M. Smucker Co. SJM -0.04% is among the companies scheduled to report quarterly earnings on Thursday morning.
Source; http://www.marketwatch.com/story/us-stock-futures-flat-europe-data-in-focus-2011-11-17
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