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Apple <AAPL.O> shares were up 0.5 percent at $110.75 premarket
after closing down about 2 percent the previous day when its new
offerings underwhelmed investors.
World stocks were lower as more uncertain news emerged from
China, with Chinese stocks ending the day in the red.
Data showed that producer prices in China fell for the 42nd
straight month and car sales dropped, in the most recent sign
that deflation remains a significant risk for the world's No. 2
economy.
Global financial markets have been rattled in recent weeks by
fears that China's slowdown could be a drag on sluggish global
growth, prompting some investors to bet that the U.S. central
bank will delay a rate hike until the end of the year.
Investors will continue to keep an eye on U.S. data for clues on
the Fed's next course of action when it meets on Sept. 16-17.
Data scheduled to be released on Thursday includes the weekly
jobless claims at 8:30 a.m. ET, which is expected to have fallen
to 275,000 from 282,000. That could offer confirmation that a
moderation in job growth in August was an aberration.
Also scheduled to be released is wholesale inventories data for
July at 10 a.m. ET, which is expected to have increased 0.3
percent, compared with a 0.9 percent rise in June.
Palo Alto Networks <PANW.N> was up 6.5 percent at $176 after the
cyber security company reported its strongest revenue growth in
10 quarters and forecast better-than-expected growth in the
current quarter.
Krispy Kreme Doughnuts <KKD.N> fell 17.6 percent to $14.60, a
day after the doughnut chain cut its 2016 profit forecast.
Box <BOX.N> was up 3 percent at $14.69 after the cloud storage
provider raised its full-year revenue forecast for the second
time.
(Reporting by Tanya Agrawal)
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