Stock index futures pared gains on Thursday after data showed weekly jobless claims were higher than expected.

The government data showed initial jobless claims fell to 570,000 from a revised 574,00 the week before, but that was above economists' forecast for 560,000.

S&P 500 futures rose 5.60 points and were above 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 gained 36 points, and Nasdaq 100 futures added 11.00 points.

(Reporting by Edward Krudy; Editing by Padraic Cassidy)