(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Durable goods, jobless claims, GDP data eyed

*

Levi Strauss slumps after missing revenue expectations

*

Walgreens falls after results

*

Futures down : Dow 0.18%, S&P 500 0.16%, Nasdaq 0.20%

(Updated at 7:14 a.m. ET/1114 GMT)

By Ankika Biswas and Lisa Pauline Mattackal

June 27 (Reuters) - U.S. stock index futures slipped on

Thursday as a slump in Micron Technology ( MU ) after a lackluster

forecast dragged down other semiconductor stocks, while caution

ahead of economic data and a presidential debate also dented

sentiment.

The memory chipmaker's shares lost 5.8% premarket

after an in-line fourth-quarter revenue forecast disappointed

investors hoping for more upside from the company's performance

in the artificial intelligence boom. Optimism around AI-driven

demand had lifted the stock 14% this month ahead of earnings.

"Anything less than fantastic is not good enough when

your share price got multiplied by three in just about 18

months," said Ipek Ozkardeskaya, senior analyst at Swissquote

Bank.

Micron weighed on other semiconductor stocks including

AI-trade favorite Nvidia ( NVDA ), which fell 1.6%. Arm Holdings

, Qualcomm ( QCOM ) and Advanced Micro Devices ( AMD )

were down between 0.2% and 0.7%.

With a handful of expensive heavily weighted stocks

supporting Wall Street's ascent since the last leg of 2023,

market participants have highlighted concerns over the rally's

sustainability and have called out for the need to diversify

portfolios to hedge against possible sharp losses.

Wall Street's three major indexes eked out modest gains in

Wednesday's choppy trading, with Amazon.com ( AMZN ) hitting $2

trillion in market value for the first time. The retail giant's

shares edged 0.1% higher in lackluster trading for megacap tech

stocks.

Focus now shifts to a slate of economic data including

durable goods for May, weekly jobless claims and first-quarter

PCE and GDP figures before markets open, ahead of Friday's

release of the monthly personal consumption expenditures (PCE)

price index - the Federal Reserve's preferred inflation gauge.

Investors have largely stuck to their view of around two

rate cuts this year, as per LSEG's FedWatch data, even though

the U.S. central bank has projected only one.

Chances of an at least 25-basis-point rate cut in September,

however, have slipped slightly to 56.4% from over 60% earlier in

the week.

Further, President Joe Biden and former President Donald

Trump are set to face each other in the first debate during the

day, ahead of their rematch this November.

At 7:14 a.m. ET, Dow e-minis were down 70 points,

or 0.18%, S&P 500 e-minis were down 8.75 points, or

0.16%, and Nasdaq 100 e-minis were down 40.5 points, or

0.2%.

Walgreens Boots Alliance ( WBA ) fell 5.6% after cutting its

2024 profit forecast, citing lower consumer spending.

Nike ( NKE ) is due to report results after the closing

bell.

Denim maker Levi Strauss slumped 15.3% after

falling short of expectations for second-quarter revenue, while

U.S.-listed shares of Canada's BlackBerry rose 7.7% after

beating first-quarter revenue estimates.

International Paper ( IP ) dropped 14.4% after the world's

largest pulp manufacturer, Brazil's Suzano,

terminated talks to buy the U.S.-based firm.