US equity futures demonstrated a cautious decline before the market opened on Thursday, as investors braced for upcoming data on jobless claims and wholesale inflation, following the consumer inflation report released on Wednesday. The Dow Jones Industrial Average futures slipped by 0.1%, while the S&P 500 futures decreased by 0.2%.
The Nasdaq futures recorded a slightly larger decline of 0.4%. On Wednesday, the consumer price index report for November revealed a 0.3% increase in consumer prices, reflecting the predictions set forth in previous analyses. This uptick follows a more modest growth of 0.2% noted in the previous month.
In the oil market, prices saw a rise, with the global benchmark North Sea Brent crude increasing by 0.1% to $73.61 per barrel, and US West Texas Intermediate crude climbing 0.3% to $70.50 per barrel. New unemployment claims, set to be announced at 8:30 am ET, are anticipated to decline by 3,000, bringing the total to 221,000 claims for the week ending December 7.
Additionally, final demand for producer prices is projected to rise by 0.2% month over month in November, aligning with the previous month's gains..