US equity futures were posting narrow losses ahead of Thursday's opening bell as traders digested the producer inflation report.

Dow Jones Industrial Average futures slipped 0.1%, S&P 500 futures fell 0.2%, and Nasdaq futures were down 0.3%.

The US consumer price index was released Wednesday, which showed a 0.2% increase in prices, compared with a Bloomberg survey expecting a 0.3% growth.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.4% at $70.65 per barrel and US West Texas Intermediate crude down 0.4% at $67.38 per barrel.

New unemployment claims, released at 8:30 am ET, fell to 220,000 in the week ended March 8 from 222,000 in the preceding week, compared with estimates compiled by Bloomberg for an increase to 225,000. Producer prices were flat for the final demand for February following a 0.6% growth previously, compared with estimates for a 0.3% uptick.

In other world markets, Japan's Nikkei closed 0.08% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, UK's FTSE 100 slipped 0.1% and Germany's DAX index fell 0.8% in Europe's early afternoon session.

In equities, shares of D-Wave Quantum (QBTS) were 4% higher pre-bell after the company reported a Q4 adjusted loss that narrowed from a year earlier.

On the losing side, SentinelOne (S) shares fell 13% after the company issued fiscal Q1 revenue that trailed analysts' projections.