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FX: Futures Slip Ahead of Jobless Claims, Trade Balance
 
In what could be another potentially quiet day for Wall Street, stock futures were slightly lower Thursday morning as traders waited for weekly jobless claims data out of the Department of Labor.

As of 6:15 a.m. in New York, the Dow Jones Industrial Average futures were down 5 points, or 0.05%, to 10560, the S&P 500 futures were lower by 2.7 points to 1143.00 and the Nasdaq 100 futures were down 3.75 points to 1915.00.

As it has been for most of the week, there is little scheduled economic or company data out today that could heavily move the markets. The notable exception is the Labor Department's weekly jobless claims report at 8:30 a.m., which is expected to show claims fell by 9,000 to 460,000 claims last week.

Continuing claims, which are people on unemployment insurance for more than a week, is expected to remain unchanged at 4.5 million, according to data by Thomson Reuters.

The Commerce Department is also scheduled to release the nation's trade deficit for January at the same time as initial claims. Expectations are that that the U.S. trade deficit widened to $41.0 billion in January compared with a $40.2 billion deficit the month prior.

Outside the U.S., traders worried about inflation may lean on a report out of China overnight that showed the Chinese consumer price index climbed 2.7% in February, more than expected. The hotter-than-expected inflation report may influence the Communist government to start withdrawing stimulus measures.

In commodities, oil was down 2 cents to $82.07 a barrel and gold fell $2.10 to $1,106.00 a troy ounce.

On Wednesday, the Dow rose 2.95 points, or 0.03%, to 10567.33, the Standard & Poor's 500 added 5.16 points, or 0.45%, to 1145.61 and the Nasdaq Composite picked up 18.27 points, or 0.78%, to 2358.95. The FOX 50 gained 3.86 points, or 0.47%, to 826.51.

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