US Futures Are Flat

Dow futures are up 3 points, S&P 500 futures are up less than 1 point, and Nasdaq futures are up 2 points.

Markets today are focused on the disappointing economic data out of Europe overnight.

Second quarter GDP in the Eurozone was flat compared to the first quarter. Expectations were for the economic bloc's economies to grow 0.1% collectively. Some of the biggest economies in the Eurozone, including France and Germany, were among the most disappointing in the report.

In the U.S., weekly initial jobless claims rose 21,000 to 311,000, missing expectations for a reading of 295,000.

Retail giant Walmart cut its earnings outlook for the year, and shares of the company were down 0.6% in pre-market trading.

Some of the other major equity movers in the pre-market include fuel cell company Plug Power, up about 8% after reporting revenue that topped expectations.