Stock index futures fell on Thursday after weaker-than-expected economic data in China reawakened global economic worry and earnings from JPMorgan Chase.
China's trade surplus narrowed for a second straight month in September, as both imports and exports were lower than expected, reflecting global economic weakness and domestic cooling.
Shares of JPMorgan Chase Co
The S&P 500 is up about 12 percent from its intraday low hit last week on Tuesday and had its largest seven-day rally since March 2009.
S&P 500 futures fell 3.8 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures shed 22 points, and Nasdaq 100 futures lost 5.25 points.
Economic data on tap includes weekly U.S. jobless claims, due at 8:30 a.m. (1230 GMT), with economists in a Reuters survey forecasting 405,000 new filings compared with 401,000 in the prior week.
Also at 8:30 a.m (1230 GMT), the Commerce Department releases data on August international trade. Economists in a Reuters survey forecast a $45.8 billion deficit compared with a $44.81 billion deficit in July.
A report on Wednesday that Akamai Technologies Inc
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Pratt & Whitney, a unit of United Technologies Corp
Bloomberg reported, citing people with knowledge of the matter, that DuPont Co
European shares slipped in choppy trading in the morning, after recent strong gains, with mining stocks among the biggest casualties after Chinese trade data was weaker than expected. <.EU>
* Asian shares rose on growing optimism that Europe will take concrete steps to contain the region's debt woes and head off a systemic banking crisis
* U.S. stocks rose on Wednesday as Europe's progress toward bolstering its financial rescue fund brought more battle-weary investors back into the market.
(Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)