US Markets

Futures turn negative after retail sales disappoint


U.S. stock index futures fell slightly on Thursday after retail sales figures disappointed.

Sales rose less than expected in May, according to Commerce Department data.

Other economic reports had the number of Americans filing new claims for jobless benefits unexpectedly rising last week, although not enough to alter the view of a labor market that is picking up steam.

And, the Labor Department reported import prices rose 0.1 percent last month after declining 0.5 percent in April.

Nasdaq-listed Lululemon Athletica fell sharply after the Canadian yogawear retailer cut its revenue and earnings forecast for the fiscal year, and said its CFO would retire in February 2015.

Shares of Amazon will also be worth a look, after it quietly unveiled a new music streaming service on Wednesday night.

The Treasury will auction $13 billion in 30–year notes, taking its weekly coupon-bearing debt issuance up to $62 billion.

Uncertainty ended broke Wall Street's record rally on Wednesday, with the Dow losing more than 100 points. Factor cited for the pullback included the World Bank's lowering of its global growth outlook and fears of an upcoming U.S. interest rate hike.

Markets too complacent about a US rate hike?

Escalating violence in Iraq has also added to investor nerves across global markets. Al Qaeda-linked groups have seized control of two key cities, Mosul and Tikrit, in the past two days. The Kirkuk-Ceyhan oil pipeline has been targeted, but other energy infrastructure has remained untouched so far.

Crude and brent oil traded respectively 0.9 percent and 1.0 percent higher on Thursday.

Read MoreOil prices head higher as Iraq tensions flare

(This story has been corrected to reflect the timing of the release of economic data)