US Stock Futures Flat; GDP, Weekly Jobless Claims Data In Focus

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US stock futures are mostly flat this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 2 points to 14,062.00 and S&P 500 index futures rose 0.80 points to 1,516.40. Nasdaq 100 futures climbed 3.25 points to 2,743.75. US stocks closed higher on Wednesday, with the Dow Jones Industrial Average surging 1.26% to 14,075.37, the S&P 500 index rising 1.26% to 1,515.99 and the Nasdaq 100 index gaining 1.04% to 3,162.26. Data on Q4 GDP and weekly jobless claims will be released at 8:30 a.m. ET. The Chicago PMI for February will be released at 9:45 a.m. ET. The Kansas City Fed's manufacturing activity index for February will be released at 11:00 a.m. ET. Data on farm prices will be released at 3:00 p.m. ET, while data on money supply will be released at 4:30 p.m. ET. Groupon
GRPN
issued downbeat first-quarter revenue forecast. J.C. Penney Company
JCP
posted a wider fourth-quarter loss. Best Buy Co
BBY
is projected to report its Q4 earnings at $1.53 per share on revenue of $16.32 billion. Kohl's
KSS
is projected to report its Q4 earnings at $1.63 per share on revenue of $6.24 billion. Sears Holdings
SHLD
is expected to report its Q4 earnings at $0.98 per share on revenue of $11.77 billion. Cablevision Systems
CVC
is estimated to report its Q4 earnings at $0.09 per share on revenue of $1.70 billion. The Wendy's Company
WEN
is projected to report its Q1 earnings at $0.02 per share. Barnes & Noble
BKS
is estimated to post its Q3 earnings at $0.54 per share on revenue of $2.40 billion. Gap
GPS
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is expected to post its Q4 earnings at $0.71 per share on revenue of $4.65 billion. salesforce.com
CRM
is estimated to post its Q4 earnings at $0.40 per share on revenue of $830.85 million. Universal Health Services
UHS
is projected to post its Q4 earnings at $0.93 per share on revenue of $1.74 billion. McDermott International
MDR
is projected to post its Q4 earnings at $0.23 per share on revenue of $981.49 million. Domino's Pizza
DPZ
is estimated to report its Q4 earnings at $0.60 per share on revenue of $532.55 million. Deckers Outdoor
DECK
is estimated to post its Q4 earnings at $2.61 per share on revenue of $623.02 million. European markets were higher today. The STOXX Europe 600 Index fell 0.35%, London's FTSE 100 Index gained 0.30%, French CAC 40 Index rose 0.27% and German DAX 30 index climbed 0.55%. Asian markets ended mostly higher, with Japan's Nikkei Stock Average surging 2.71%, China's Shanghai Composite gaining 2.26% and Australia's S&P/ASX 200 rising 1.33%. Hong Kong's Hang Seng Index gained 1.96% and India's Sensex fell 1.52%.
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