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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.