U.S. stock index futures pared losses on Thursday after data showed weekly initial and continuing jobless claims fell, while a gauge of New York State manufacturing unexpectedly jumped in October.

Futures earlier fell following quarterly results from Goldman Sachs Group (GS.N) and Citigroup Inc (C.N).

S&P 500 futures SPc1 fell 4.7 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 DJc1 fell 30 points and Nasdaq 100 futures NDc1 lost 8.25 points.