Stock index futures pointed to a steady open on Wall Street on Thursday, with futures for the S&P 500 and the Dow Jones staying flat and the Nasdaq 100 futures rising 0.1 percent.
The Labor Department will release at 8:30 a.m. ET first-time claims for jobless benefits for the week ended February 25. Economists in a Reuters survey forecast 351,000 new filings, a repeat of the previous week's number.
U.S. Federal Reserve chairman Ben Bernanke testifies on The Semiannual Monetary Policy Report to the Congress before the Senate Banking Committee.
Bernanke on Wednesday offered a tempered view of the economy, pouring cold water on the notion recent upbeat signs heralded a stronger recovery. He told Congress that unless growth accelerated, the unacceptably high unemployment rate would not keep dropping.
The Institute for Supply Management releases at 10 a.m. ET its February manufacturing index. Economists expected a reading of 54.5, versus 54.1 in January.
The Commerce Department releases at 8:30 a.m. ET January personal income and consumption data. Economists expected a 0.4 percent rise in both income and spending. In December, income rose 0.5 percent and spending was unchanged.
The Commerce Department releases at 10 a.m. ET January construction spending figures. Economists forecast a rise of 1.0 percent, compared with 1.5 percent in December.
China's factories grew more than expected in February as new export orders for big firms bounced back, a government survey found, while a private-sector report portrayed a different picture of smaller companies lagging the rebound.
Bank of America
James Murdoch resigned as executive chairman of News International on Wednesday, raising new doubts he can succeed his father Rupert as CEO of parent company News Corp
European shares <.FTEU3> were steady as investors digested central bank cash injections and looked for a catalyst for fresh gains.
The Dow Jones industrial average <.DJI> shed 53.05 points, or 0.4 percent, to close at 12,952.07 on Wednesday. The Standard & Poor's 500 Index <.SPX> slipped 6.50 points, or 0.5 percent, to 1,365.68. The Nasdaq Composite Index <.IXIC> dropped 19.87 points, or 0.7 percent, to 2,966.89.
(Reporting by Atul Prakash; Editing by Dan Lalor)