U.S. stock index futures traded lower Thursday after the European Central Bank decided against changing its interest rates.
The decision to keep policy unchanged was expected by nearly all 71 analysts polled by Reuters, even as the vast majority of them still expect the ECB to extend the bond buying program when the Governing Council next meets in December.
Facing high unemployment, weak growth and ultra low inflation, the ECB has provided extraordinary stimulus in recent years, cutting interest rates deep into negative territory and pushing the cost of credit to all-time lows, hoping to jump start growth.
Although inflation reached a two-year high of 0.4 percent in September and will continue rising in the coming months, it will not hit the ECB's close to 2 percent target until late 2018 or early 2019, according to the bank's forecasts.
ECB President Mario Draghi said in a news conference the central bank will preserve very substantial amount of monetary policy support as risks remain to the downside.
Investors also digested the final U.S. presidential debate, as market strategists generally said it helped Hillary Clinton maintain her lead over Donald Trump.
Dow component Verizon reported mixed quarterly results, beating estimates on the bottom line while missing at the top. Travelers, another Dow component, beat estimates on both the top and bottom lines.
On the data front, initial jobless claims rose to 260,000, with existing home sales and leading indicators set to be released at 10:00 a.m.
In oil markets, Brent crude traded at $51.82 a barrel on Thursday, down 1.61 percent, while U.S. crude fell to $50.74 a barrel, down 1.67 percent.
—CNBC's Patti Domm and Reuters contributed to this report