U.S. stock index futures pointed to a higher opening Thursday amid ECB President Mario Draghi's press conference.
Dow futures traded about 4 points higher after spiking more than 100 points amid Draghi's remarks that downside risks have increased again and the central bank needs to review, possibly reconsider policy stance at the next meeting, Dow Jones reported.
Draghi also said he expects rates at present or lower levels for an extended period of time, and that the central bank has the power, willingness and determination to act, noting it has plenty of instruments, Dow Jones said.
"If Draghi is actually going to talk about more liquidity, there's a potential ... that maybe the Federal Reserve is going to stop talking about raising interest rates," Robert Pavlik, chief market strategist at Boston Private Wealth, said of the initial gains in futures.
Still, there's "concern that this might not follow through," he said. S&P 500 futures also dipped into negative territory after initially rising on Draghi's remarks.
The euro briefly fell below $1.08 after earlier topping $1.09. The U.S. dollar index traded more than half a percent higher.
European stocks jumped more than 2 percent Thursday after Draghi's comments. Earlier, the European Central Bank kept rates unchanged.
Dow futures earlier fell 100 points in pre-market trade as concerns surrounding global growth, uncertainty in China and fresh lows in oil prices continued to grip markets.
On the data front, the jobless claims came in at 293,000, a six-month high, according to Reuters. The January Philadelphia Fed index showed minus 3.5.
Treasury yields traded lower, with the 2-year yield near 0.80 percent and the 10-year yield at 1.96 percent, as of 9:10 a.m. ET.
U.S. stocks were set to stabilize after the S&P 500 and Nasdaq composite closed Wednesday at levels not seen since 2014.