Futures slip as investors assess mixed economic data By Reuters

(Reuters) - U.S. stock index futures edged lower on Financial service platform for buyingThursday following mixed economic data this week, while chip designer Nvidia (NASDAQ:) rose after reporting better-than-expected quarterly revenue.

Wall Street closed the previous session lower as a grim outlook from Corp (NYSE:) sparked concerns about retailers heading into the crucial holiday season, while semiconductor shares slid 4.3% after Micron Technology Inc (NASDAQ:)'s supply cut.

Shares of rose 2.2% in early premarket trading on Thursday after the company beat estimates for third-quarter revenue, helped by strong demand in its data center business.

Peers Advanced Micro Devices (NASDAQ:) Inc and (NASDAQ:) added 1.2% and 0.4%, respectively.

Stronger-than-expected retail sales numbers on Wednesday raised concerns that continued strength in spending will keep the U.S. Federal Reserve on track to tighten monetary policy further, even as subsiding inflation gives the central bank room to scale back the size of its interest rate hikes.

"Wall Street was rattled by a conflicting retail picture," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.

"Overall sales were stronger than expected showing consumer resilience had not been knocked by super-sized interest rate hikes aimed at pulling down the price spiral. This has added to expectations that higher rates will have to linger for a lot longer to make a difference."

J.P.Morgan economists predict a "mild recession" in the back half of next year given expectations for the Fed to tighten monetary policy further in its battle against inflation.

At 04:39 a.m. ET, were down 41 points, or 0.12%, were down 4.75 points, or 0.12%, and were down 8.75 points, or 0.07%.

Megacap growth and tech companies such as Tesla (NASDAQ:) Inc added 0.4%, while Amazon.com Inc (NASDAQ:) was subdued in early trading before the bell.

U.S.-listed shares of NetEase (NASDAQ:) Inc fell 4% after Blizzard Entertainment said it will no longer offer games such as "World of Warcraft" and "Hearthstone" in China from next year.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!