US stock futures turn mostly lower amid data

U.S. stock index futures were mostly lower after a slew of U.S. economic data points were released.

U.S. retail sales rose 0.6 percent in July, slightly higher than what economists expected, while weekly jobless claims came in at 274,000.

Import prices for the U.S. fell 0.9 percent last month, marking the largest fall since January.

Stocks were rocked Tuesday and Wednesday after China devalued its currency, but by Wednesday afternoon, huge intraday losses were reversed and the market closed mixed and flattish on the day.

Trader on the floor of the New York Stock Exchange.
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Trader on the floor of the New York Stock Exchange.

On the earnings front, Advance Auto Parts, Kohl's and Coty all reported results before the bell. Applied Materials and Nordstrom are due after the bell.

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In oil markets, Brent crude traded at just under $50, up about 0.4 percent, while U.S. crude was at around $43 a barrel, down 0.35 percent.

In Europe, the pan-European Stoxx 600 index opened one percent higher, with investors keeping a keen watch on developments in China as well as progress on Greece's third bailout program.

CNBC's Patti Domm contributed to this report

Correction: Advance Auto Parts, Kohl's, Coty Applied Materials and Nordstrom are scheduled to report their earnings Thursday.