Stock Futures Flat as Data Storm Looms

By Adam Samson Markets FOXBusiness

FOX Business: Capitalism Lives Here

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U.S. stock-index futures were little changed in early action as traders awaited a slew of key economic data. 

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As of 7:45 a.m. ET, Dow Jones Industrial Average futures fell 5 points, or 0.03%, to 16506, S&P 500 futures dipped 0.25 point, or 0.01%, to 1878 and Nasdaq 100 futures rose 6.2 points, or 0.17%, to 3580.

The Dow logged a fresh closing high on Wednesday, while the broad S&P 500 climbed closer to its record high, as traders cheered upbeat data on the labor market and shrugged off much weaker-than-expected GDP data. The data storm continues raging on Thursday, with many reports on tap. 

Traders will get a duo of reports at 8:30 a.m. ET. The number of Americans filing for first-time jobless benefits is seen having fallen to 319,000 last week from 329,000 the week prior. Meanwhile, consumer spending is expected to have risen by 0.6%, while personal income increased 0.4%, in March. 

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Meanwhile, the closely-watched report from the Institute for Supply Management is expected to show the U.S. manufacturing sector grew at a quicker rate in April from the month prior. 

The reports come ahead of the April jobs report, due on Friday. 

In corporate news, ExxonMobil (XOM), the world's biggest publicly-traded energy company, is due to report its earnings ahead of the opening bell. General Motors (GM), Ford (F) and Fiat's (FIATY) Chrysler are set to report monthly sales figures. 

Elsewhere, U.S. crude oil futures fell 84 cents, or 0.84%, to $98.90 a barrel. Wholesale New York Harbor gasoline dipped 0.76% to $2.942 a gallon. Gold slid $13, or 1%, to $1,283 a troy ounce. 

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