* Dow Transport index closed at record high on Wednesday
* Jobless claims fell by 10,000 to 258,000 last week -
* Lululemon soars on profit beat
* Futures up: Dow 12 pts, S&P 0.07 pts, Nasdaq 0.08 pts
(Adds details, comments, updates prices)
By Yashaswini Swamynathan
Dec 8 U.S. stocks looked set to open little
changed on Thursday as investors paused, a day after major Wall
Street indexes hit record levels, extending a post-election
The European Central Bank unexpectedly reduced its asset
purchase plans to 60 billion euros ($64 billion) from the
current 80 billion euros, but reserved the right to increase
buying once again.
Donald Trump's election as U.S. president last month sparked
euphoria on Wall Street, with investors chasing stocks that are
likely to gain from his proposals to spend more on
infrastructure and simplify industry regulation.
The Dow industrials, the Dow Transport, the
S&P 500 and the Russell 2000 indexes closed at
record levels on Wednesday.
"Investors are getting excited over the prospects of a new
administration, a fresh mindset and a man who knows how to do
business," said Andre Bakhos, managing director at Janlyn
Capital in Bernardsville, New Jersey.
"While there was also a technical aspect to the move
yesterday ... the mindset right now is that any pullback is seen
as bullish. It's an opportunity to buy into the market, not
Adding to the bullish tone was a report that showed the
number of Americans filing for unemployment benefits fell from a
five-month high last week, pointing to a robust labor market and
building on a recent spate of strong economic data.
Investors are now turning their attention to the Federal
Reserve's meeting next week, where traders see a more than 90
chance of an interest rate hike.
Dow e-minis were up 23 points, or 0.12 percent at
8:31 a.m. ET, with 38,325 contracts changing hands.
S&P 500 e-minis were up 1.5 points, or 0.07 percent,
with 243,838 contracts traded.
Nasdaq 100 e-minis were up 4 points, or 0.08 percent,
on volume of 24,137 contracts.
Lululemon soared 15.2 percent to $68.96 premarket,
after the yoga and leisure apparel retailer reported a
better-than-expected quarterly profit.
Costco rose 1.67 percent to $156.42 in thin trading
after the warehouse club retailer reported a quarterly profit
that beat analysts' expectations.
($1 = 0.9384 euros)
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by