US Markets

US futures little changed; Treasury Secretary Mnuchin hints at significant tax reform

Andrew Renneisen | Getty Images

U.S. stock index futures pointed to a flat-to-higher open on Thursday as traders digested remarks from new Treasury Secretary, Steve Mnuchin.

Mnuchin said on CNBC's "Squawk Box" that he wants to see "very significant" tax reform passed before Congress' August recess.

"We want to get this done by the August recess. We've been working closely with the leadership in the House and the Senate and we're looking at a combined plan," he said.

Investors have been looking for clues about when the Trump administration will push through tax reform. U.S. equities have skyrocketed since President Donald Trump's election on hopes of tax reform, deregulation and government spending.

On the earnings front, Hormel Foods is among companies that reported before the bell. Baidu, Gap, Hewlett Packard Ent., Intuit and Nordstrom are among companies set to report after the bell.

On the data front, initial jobless claims are set to come out at 8:30 a.m. ET, with the FHFA (Federal Housing Finance Agency) home price index set to be released at 9:00 a.m. Thursday will also see the auction of $28 billion in 7-year notes.

In Europe, the pan-European Stoxx 600 Index was around 0.05 percent higher on Thursday.

In oil markets, Brent crude traded at around $56.79 a barrel on Thursday, up 1.7 percent, while U.S. crude was around $54.48 a barrel, up 1.66 percent.

—CNBC's Patti Domm and Jacob Pramuk contributed to this report