Futures for the Dow Jones Industrials retreated 89 points, or 0.3%, early Thursday to 31,764.
Futures for the S&P 500 doffed 5.25 points, or 0.1%, to 3,957.25.
Futures for the NASDAQ Composite gained 16 points, or 0.1%, to 12,481.50.
The moves come as Wall Street is enjoying a July rebound. All three major averages hit their highest levels in more than a month during Wednesday’s session, with the S&P 500 reaching its best closing level since June 9.
The European Central Bank on Thursday raised interest rates for the first time in 11 years to combat inflation in the euro zone. The central bank raised benchmark rates up by 50 basis points.
Tesla shares were choppy after the automaker reported stronger-than-expected earnings but shrinking automotive gross margins. Early Thursday, the stock was up 2.6%.
Shares of Alcoa and CSX jumped in the pre-market after the companies beat expectations.
American Airlines beat revenue expectations in the second quarter, and forecast a profit in the third quarter, as consumers continue to travel even with higher prices. Shares fell more than 2% in premarket trading.
United Airlines reported that it returned to profitability during the second quarter, but results came in below expectations. The stock fell more than 6% in pre-market trading.
Roughly 13% of S&P 500 have reported earnings for the second quarter. Of those companies, about two-thirds have beaten expectations.
In other corporate news, shares of Carnival dropped more than 10% after the cruise company announced that it was selling an additional $1 billion of stock.
On the data front, investors will also be watching initial jobless claims data, which has been trending upward in recent weeks.
In Japan, the Nikkei 225 poked up 0.4% Thursday. In Hong Kong, the Hang Seng skidded 1.5%
Oil prices docked $4.65 to $95.23 U.S. a barrel.
Gold prices fell $17.90 to $1,682.30 U.S. an ounce.