By Sara Sjolin, MarketWatch

Whole Foods slides more than 10% after reporting earnings

U.S. stock-index futures recovered some of the sharp losses in early morning trading but still pointed to a weak opening on Thursday after a slight increase in weekly jobless claims.

Global equity markets suffered sharp declines following a jump in European bond yields, but fears receded and indexes pared losses.

Stock futures saw some pressure after weekly jobless-claims data, which showed layoffs remain at 15-year lows. Investors watch jobless claims as a precursor for the highly anticipated nonfarm-payrolls report due on Friday.

Futures for the Dow Jones Industrial Average (YMM5) fell 31 points, or 0.2%, to 17,746, while those for the S&P 500 index (ESM5) were off 3.6 points at 2,070.60. Futures for the Nasdaq-100 index (NQM5) were off 8 points, or 0.2%, to 4,365.00.

"It's not just U.S. futures where we're seeing weakness, we're seeing it across the board," said Craig Erlam, senior market analyst at Oanda. "The move is being driven by movements in eurozone bond markets, where the Bund has taken another heavy hit [...] This has spread to the wider markets and indexes are being battered as a result."

The yield on 10-year German Bunds rose 6 basis points to 0.65% on Thursday.

"It's been suggested that the change in the [eurozone] inflation outlook has been responsible for the weakness in bonds over the past week, with higher oil prices seen providing further upward pressure," Erlam said.

Data: The number of people applying for U.S. unemployment benefits remains near a 15-year low, rising a scant 3,000 to 265,000 in the seven days stretching from April 26 to May 2. That was well below economists' forecast.

The data come a day ahead of the top-tier nonfarm-payrolls report, which is closely watched by the Fed to assess the best time for a first rate hike. Payrolls were very disappointing in March, with only 126,000 jobs added to the economy, but forecasts are for a pickup to 233,000 in April.

Also on tap, consumer credit numbers for March are due at 3 p.m. Eastern.

Earnings: Reporting ahead of the bell, Priceline(PCLN) posted better-than-expected first-quarter profit, but gave a soft outlook for the current quarter. Shares were off 3% in premarket trade.

Alibaba (BABA) said revenue rose 45% during its fourth fiscal quarter (http://www.marketwatch.com/story/seaworld-loss-narrows-sales-beat-estimates-2015-05-07), helping send the shares up 10% premarket.

SeaWorld Entertainment Inc. (SEAS), which is still struggling with an image problem after the documentary "Blackfish", said its loss narrowed in the first quarter (http://www.marketwatch.com/story/seaworld-loss-narrows-sales-beat-estimates-2015-05-07), while sales beat estimates. The stock fell 2.5% premarket.

Molson Coors Brewing Co.(TAP.NV.T) rose 2.9% premarket after the brewer posted earnings that slightly topped forecasts.

And after the bell, CBS (CBS) and Nvidia Corp.(NVDA) are slated to report.

Movers and shakers: Shares of Zynga Inc.(ZNGA) gained 5.3% ahead of the bell after the online game maker late Wednesday posted better-than-expected first-quarter earnings (http://www.marketwatch.com/story/zynga-stock-climbs-on-strong-quarter-job-cuts-2015-05-06) and announced plans to cut 18% of its workforce.

Tesla Motors Inc.(TSLA) slid 3.5% premarket Thursday, shaking off better-than-expected first-quarter results reported on Wednesday.

Whole Foods Market Inc. (WFM) also reported after Wednesday's closing bell, posting sales that fell short of forecasts. Shares were down 13% premarket on Thursday.

Other markets: U.K. stocks moved sharply lower (http://www.marketwatch.com/storyno-meta-for-guid) as investors took a hands-off approach on the day of the highly anticipated general election. Read: 7 things you need to know about the U.K. election (http://www.marketwatch.com/story/7-things-you-need-to-know-about-the-uk-election-2015-05-06) (http://www.marketwatch.com/story/7-things-you-need-to-know-about-the-uk-election-2015-05-06) (http://www.marketwatch.com/story/7-things-you-need-to-know-about-the-uk-election-2015-05-06)

Stocks in Asia closed sharply (http://www.marketwatch.com/story/asia-stocks-fall-after-yellen-warning-2015-05-06-231033824) lower following Federal Reserve Chairwoman Janet Yellen's warning on stock valuation (http://www.marketwatch.com/story/yellen-says-stock-valuations-are-quite-high-2015-05-06), while European markets were mixed amid (http://www.marketwatch.com/story/asia-stocks-fall-after-yellen-warning-2015-05-06-231033824) weakness in the bond market.

Oil futures (CLM5) were weaker after two straight days of gains (http://www.marketwatch.com/story/crude-rallies-again-with-price-of-wti-atop-61-2015-05-06), while most metals were on the decline. The ICE dollar index (DXY) was little changed.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

CBS (NYSE:CBS)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more CBS Charts.
CBS (NYSE:CBS)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more CBS Charts.