US Markets

Futures point to lower open on Wall Street; Snap earnings disappoint

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

U.S. stock index futures pointed to a lower open on Thursday after the Nasdaq notched a record close and a five-day winning streak.

But tech stocks could come under pressure after Snap posted revenue that missed estimates and slower-than-expected revenue growth. The stock slumped more than 20 percent in after-hours trading.

Reaction to President Donald Trump's firing of FBI Director James Comey was largely muted as many investors still believe the market will get tax reform at some point.

On the earnings front, Nordstrom, CyberArk Software and Invitation Homes are due to report after the bell.

On the data front, the producer price index rose 0.5 percent in April, more than the expected increase of 0.2 percent. Initial jobless claims, meanwhile, totaled 236,000, below the expected 245,000.

In oil markets, Brent crude traded at around $50.67 a barrel on Thursday, up 0.9 percent, while U.S. crude was around $47.77 a barrel, up 0.93 percent.

In Europe, the pan-European Stoxx 600 Index was around 0.48 percent lower on Thursday. The Shanghai Composite closed up 0.29 percent in China and the Nikkei 225 in Japan rose 0.31 percent.

-- Fred Imbert contributed to this report