Stock futures pointed to a flat to weaker start for Wall Street on Thursday, with the Nasdaq Composite futures down 0.3 percent after Cisco System
The futures for S&P 500 futures and Dow Jones industrial average <.DJI> were flat by 4:19 a.m. EDT.
U.S. network equipment maker Cisco is to buy Norwegian video-conferencing equipment maker Tandberg ASA
Cisco shares in Frankfurt
Comcast shares in Frankfurt
The U.S. economy is mending more quickly than anticipated, although high unemployment and growing commercial property defaults will put a drag on the recovery, the International Monetary Fund said.
A raft of data, including ISM manufacturing, pending home sales, personal income and consumption, and weekly jobless claims, would give further evidence of the strength of the recovery in the United States, ahead of Friday's non-farm payrolls.
Economists in a Reuters survey expected an ISM reading of 54.0 versus 52.9 in August, while pending home sales are expected to rise 1 percent compared with a 3.2 percent increase in the previous month.
A total of 530,000 new filings for jobless claims -- a repeat of the previous week's figure -- are forecast by economists in a Reuters poll.
Bank of America
A broad-based oversight council of financial regulators, not just the Federal Reserve, should be set up to monitor systemic risk to the economy, Fed Chairman Ben Bernanke said in text of remarks to be delivered to Congress on Thursday.
The semiconductor sector has passed the worst of the slump but it will take years to return to sales levels reached before the financial crisis, Infineon's
Talecris Biotherapeutics Holdings Corp
The Dow Jones industrial average <.DJI> slipped 29.92 points, or 0.31 percent, to 9,712.28. The Standard & Poor's 500 Index <.SPX> fell 3.53 points, or 0.33 percent, to 1,057.08. The Nasdaq Composite Index <.IXIC> shed 1.62 points, or 0.08 percent, to 2,122.42.
(Reporting by Dominic Lau; Editing by Mike Nesbit)