Market Snapshot: Dow futures pull back after 5-day rally, with earnings in focus

U.S. stock-index futures were lower on Thursday, suggesting a modest consolidation after a five-day rally that was driven largely by optimism over the strength of corporate earnings.

Earnings will likely continue to be a driver for overall direction and sentiment. Dow components Travelers and Microsoft are among the key names reporting on Thursday. Readings on weekly jobless claims and the Philly Fed index are on deck ahead of the open.

What are markets doing?

Futures for the Dow Jones Industrial Average YMU8, -0.38% fell 59 points, or 0.2%, to 25,102, while those for the S&P 500 index ESU8, -0.32% dropped 8 points, or 0.3%, to 2,807.75.

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