U.S. stock-index futures traded lower on Thursday, with economic reports doing little to lift investor enthusiasm a day after the Federal Reserve announced the end of quantitative easing.
Stock futures retained modest losses after the government reported third-quarter gross domestic product rose 3.5 percent in September and the number of Americans filing for jobless benefits rose by 3,000 to 287,000 last week.
The stronger-than-expected reading on U.S. economic growth is "a development somewhat validating the hawkishness in yesterday's Fed statement," Dan Greenhaus, chief strategist at BTIG, noted in emailed commentary.
As expected, the Federal Open Market Committee (FOMC) announced the end of its bond-buying program at the end of a two-day meeting on Wednesday.
The Fed reiterated that benchmark interest rates would remain near zero for a considerable period of time. However, it also upgraded its outlook for the labor market, which some analysts took as a sign that the central bank was gearing up to a rate rise.
"In the absence of a major deterioration in macro or financial conditions, today's statement primes the market for further hawkish guidance at the next FOMC meeting," said Erik Weisman, a fund manager at MFS Investment Management.
Wall Street shares posted modest losses, rebounding from session lows, following the decision.