US Markets

US futures hold lower after ADP employment report misses

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U.S. stock index futures pointed to a lower open on Thursday amid a slew of economic data.

The ADP employment report showed private employers added 153,000 jobs last month, below the expected 170,000. Initial jobless claims came in better than expected, totaling 235,000, while economists expected them to total 260,000. Markit services PMI is out at 9:45 a.m., and ISM non-manufacturing data released at 10:00 a.m.

The data deluge comes a day after the Federal Reserve released the minutes from its December meeting. The minutes showed the central bank is concerned that fiscal stimulus could lead to rates rising at a faster pace.

On the earnings front, Walgreens Boots Alliance reported a surprise drop in sales, but raised the lower end of its fiscal 2017 earnings forecast. Helen of Troy, PriceSmart and Ruby Tuesday are set to come out after the bell.

Also on Thursday, San Francisco Fed President John Williams is set to appear on CNBC at 1 p.m. ET.

In Europe, the pan-European Stoxx-600 index was little changed on Thursday morning.