U.S.
stock index futures were flat on Thursday as President Donald Trump's
highly anticipated proposal to reform the tax code failed to impress
investors.
* The one-page plan, unveiled on Wednesday, proposed deep U.S. tax cuts for many businesses, but offered no detail on how it would be paid for without increasing the deficit.
* U.S. stocks retreated from near record-highs on Wednesday and closed lower after the plan was unveiled.
* Trump has been scrambling to show progress on his agenda, especially after the failure to pass a healthcare bill raised doubts about his ability to deliver on campaign promises.
* While the tax plan dampened market enthusiasm, a flurry of corporate earnings reports and economic data could provide investors some impetus to trade.
* Microsoft (MSFT.O), Amazon.com (AMZN.O) and Google parent Alphabet (GOOGL.O) are scheduled to report results after the bell.
* Weekly jobless claims data and a report on durable goods are expected at 8:30 a.m. ET (1230 GMT).
* Shares of Southwest Airlines (LUV.N) slipped 4.5 percent to $54.40 in premarket trading after the company reported a significant drop in quarterly profit.
* Alexion Pharmaceuticals (ALXN.O) edged up 3.3 percent to $124.70 after reporting better-than-expected quarterly revenue.
* Defense contractor Raytheon (RTN.N) rose 1.7 percent following a rise in quarterly revenue.
* Under Armour (UAA.N) jumped 6.5 percent after the sportswear maker posted a smaller-than-expected quarterly loss.
* The one-page plan, unveiled on Wednesday, proposed deep U.S. tax cuts for many businesses, but offered no detail on how it would be paid for without increasing the deficit.
* U.S. stocks retreated from near record-highs on Wednesday and closed lower after the plan was unveiled.
* Trump has been scrambling to show progress on his agenda, especially after the failure to pass a healthcare bill raised doubts about his ability to deliver on campaign promises.
* While the tax plan dampened market enthusiasm, a flurry of corporate earnings reports and economic data could provide investors some impetus to trade.
* Microsoft (MSFT.O), Amazon.com (AMZN.O) and Google parent Alphabet (GOOGL.O) are scheduled to report results after the bell.
* Weekly jobless claims data and a report on durable goods are expected at 8:30 a.m. ET (1230 GMT).
* Shares of Southwest Airlines (LUV.N) slipped 4.5 percent to $54.40 in premarket trading after the company reported a significant drop in quarterly profit.
* Alexion Pharmaceuticals (ALXN.O) edged up 3.3 percent to $124.70 after reporting better-than-expected quarterly revenue.
* Defense contractor Raytheon (RTN.N) rose 1.7 percent following a rise in quarterly revenue.
* Under Armour (UAA.N) jumped 6.5 percent after the sportswear maker posted a smaller-than-expected quarterly loss.
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