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Market Snapshot: U.S. stock futures slip on disappointing earnings, mixed economic data

Wall Street was on track for small losses Thursday, following disappointing earnings reports from heavyweights Ford and ConocoPhillips and mixed economic data from the U.S.

The number of people who applied for unemployment benefits last week rose from historical lows, while the nation’s trade gap widened in June to $63.3 billion, as imports rose faster than exports. Meanwhile, while wholesale inventories were unchanged and retail inventories inched higher.

After trading with a gain of 64 points earlier, the Dow Jones Industrial Average futures YMU6, -0.10% were off 21 points, or 0.1%, at 18,370, while S&P 500 futures ESU6, -0.07% declined by less than 2 points, or 0.1% to 2,159.

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