Futures Slip Before Jobs Data, FedEx Earnings

Stock futures were down moderately early Thursday as U.S. investors waited for key economic data related to inflation and the jobs market along with a few key earnings reports, most notably from Oracle ORCL and FedEx FDX. As of 6:15 a.m. in New York, the Dow Jones Industrial Average futures were down 29 points, or 0.28%, to 10480, the S&P 500 index futures lost 2.2 points to 1118.50 and the Nasdaq 100 futures lost 2 points to 1937.50. Traders will get the producer price index, also known as manufacturers' inflation, and initial jobless claims at 8:30 a.m. ET today. Economists surveyed by Thomson Reuters on average expect that wholesale inflation rose a modest 0.3% in August while initial jobless claims rose by 9,000 to 460,000 claims. Read the rest here