U.S. stock futures were higher early, but pulled back some after the latest round of economic data.
After improving in five of the last six weeks, initial jobless claims for the previous week rose 13,000 to a higher than expected 462,000. Continuing claims fell substantially by 112,000 to a recovery low of 4.399 million. A separate report showed producer price inflation was mixed for September. The overall PPI remained elevated at 0.4% in September, matching August and well above the expected 0.1% increase. At the core level, the PPI remained at 0.1%, in line with August and expectations. Finally, the overall U.S. trade deficit increased to $46.3 billion in August from $42.3 billion in July.
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