08:56 AM EDT, 05/15/2025 (MT Newswires) -- US equity futures were falling ahead of Thursday's opening bell as traders digested economic data, including a reading on wholesale inflation.
Dow Jones Industrial Average futures slipped 0.3%, S&P 500 futures fell 0.4%, and Nasdaq futures were down 0.5%.
Oil prices fell, with front-month global benchmark North Sea Brent crude down 2.9% at $64.19 per barrel and US West Texas Intermediate crude 3% lower at $61.23 per barrel.
New unemployment claims, released at 8:30 am ET, came in unchanged at 229,000 for the week ended May 10, compared with estimates compiled by Bloomberg for a drop to 228,000. Producer prices fell by 0.5% in April following a flat reading in the preceding month versus estimates for a 0.2% gain. Retail sales gained 0.1% in April after March's 1.7% increase, compared with estimates for a no change.
Forecasters see industrial production, due at 9:15 am ET, rising by 0.2% for April following a 0.3% fall in the preceding month.
Business inventories, slated for 10 am ET, is expected to have increased by 0.2% in March. No change is expected for the housing market index at 40.0 for May.
In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended 0.8% lower, and China's Shanghai Composite finished 0.7% lower. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 0.1% lower in Europe's early afternoon session.
In equities, Foot Locker ( FL ) shares were up 83% pre-bell after the company agreed to a takeover by Dick's Sporting Goods (DKS) in a deal that implies an equity value of $2.40 billion and an enterprise value of $2.50 billion. Dlocal ( DLO ) shares were up 23%, a day after the company posted higher Q1 earnings and revenue.
On the losing side, Dick's Sporting Goods stock was down 11%. New Fortress Energy ( NFE ) shares were down 38% after the company reported overnight a Q1 loss and lower revenue year over year.