Futures slide before slew of economic data

Futures fall ahead of the release of government data on jobs, industry and consumer prices

Associated Press
Warnings of slower sales drive US stocks lower
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In this Tuesday, Aug. 13, 2013, photo, Trader Richard Newman, left, works on the floor of the New York Stock Exchange. Mounting expectations that the U.S. Federal Reserve will start to reduce its monetary stimulus next month weighed on markets Thursday, Aug. 15, 2013 though trading was fairly muted during what is a traditionally quiet period for investors. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stock futures are falling for the third day out of the past four ahead of a slew of economic data.

The second major U.S. retailer this week is releasing disappointing quarterly numbers. Wal-Mart on Thursday cut its outlook for the year, just as Macy's had done the previous day.

Dow Jones industrial futures are down 58 points to 15,246. S&P futures have lost 6.6 points to 1,675.40. Nasdaq futures down 16.25 points to 3,107.

The government is expected to report a slight uptick in the number of Americans seeking unemployment benefits Thursday. Still, the number of people applying for aid in the last month is at the lowest level since before the recession.

The government also releases figures on industrial production and consumer prices Thursday.

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