US futures fall but US data tempers decline

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NEW YORK (AP) -- Encouraging economic news is tempering an early dip in U.S. stock market futures. The early decline reflected uncertainty on a Greek bailout.

Dow Jones industrial average futures are off 26 points to 12,737. Standard & Poor's 500 futures are down 3 points to 1,339.20. Nasdaq Composite index futures added 0.50 to 2,558.

U.S. stock futures got a lift from news that weekly unemployment applications dropped to their lowest level in 4 years, and a broad measure of wholesale inflation came in lower than expected.

Meanwhile, European markets are sliding over the sputtering pace of arranging a bailout for Greece. Without a deal, Greece could default within a month.

In London, the FTSE 100 index is down 0.13 percent at 5,892. Germany's DAX fell 1.2 percent to 6,678. The CAC-40 in France is 0.8 percent lower at 3,363.