Stock index futures pared gains on Thursday after data showed new claims for weekly jobless benefits came in above forecasts and the figure for the previous week was revised higher, dampening hopes of a pick-up in job creation in April.

S&P 500 futures rose 1.5 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures added 21 points, and Nasdaq 100 futures rose 9.75 points.

(Reporting By Edward Krudy; editing by Jeffrey Benkoe)