Investing.com - U.S. futures were slightly down on Thursday as investors waited for more details on Fed policy at the central bank's three-day gathering in Jackson Hole, Wyoming.
The annual meeting comes just a day after minutes from the last policy meeting showed a three-way split on the Fed's decision to cut the Fed funds rate target range by 25 basis points, its first rate cut in a decade.
Nasdaq 100 futures fell 21 points or 0.3% by 6:40 AM ET (10:40 GMT), while Dow futures declined 35 points or 0.1% and S&P 500 Futures inched down 4 points or 0.2%.
Nordstrom (NYSE:JWN) stock surged 11.5% in premarket data after the retailer posted strong second-quarter profit despite missing forecasts on sales. The company reported adjusted earnings per share of $0.90 on revenue of $3.87 billion, but cut its full-year guidance for net sales and earnings.
Nordstrom joined a bundle of retailers to have reported upbeat results in the quarter, something that has highlighted the current strength of domestic consumption.
Facebook (NASDAQ:FB) dipped 0.4% after it said it shut down 216 social media pages, groups and accounts in Myanmar, to stop efforts to "manipulate or corrupt public debate." Tesla (NASDAQ:TSLA) was down 0.7%, while Apple (NASDAQ:AAPL) inched down 0.3% and Microsoft (NASDAQ:MSFT) lost 0.6%.
On the data front, weekly jobless claims will be released at 8:30 AM ET (12:30 GMT), while the manufacturing Purchasing Managers’ Index (PMI) and services PMI for August come out at 9:45 AM ET (13:45 GMT). PMIs out of Japan and Europe earlier both suggested that the global slump in manufacturing shows no sign of ending any time soon.
In earnings news, Salesforce.com (NYSE:CRM), Gap (NYSE:GPS), and Dick’s Sporting Goods (NYSE:DKS) are among those expected to report on Thursday.
In commodities, crude oil gained 0.7% to $56.05 a barrel. Gold futures lost 0.6% to $1,506.35 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1% to 98.227.