Wall Street futures pointed moderately lower pre-bell Thursday, as traders weighed tech issues and noted slipping Taiwan Semiconductor Manufacturing (TSM) shares after the industry colossus reported strong Q2 results.

In the futures, the S&P 500 fell 0.1%, and the Nasdaq declined 0.6%, although the Dow Jones was up 0.3%.

The VanEck Semiconductor ETF (SMH) traded down 2.2% pre-bell.

Taiwan Semiconductor Manufacturing reported a year-on-year revenue increase of 36% in Q2, while net profit rose by 77.4%, topping outlooks. Nevertheless, shares traded down 4.2% pre-bell in New York, with some reports citing concerns regarding rising company capital outlays.

Traders also await the 8:30 am ET release of the June retail sales report from Washington, sure to be parsed for clues to consumer behavior.

Asian exchanges gyrated overnight, with Hong Kong gaining, while Tokyo lost ground and Seoul's KOSPI Index fell back 6.4% in a tech rout. European bourses tracked moderately south midday on the continent.

Also on the economic calendar is the weekly jobless claims report at 8:30 am ET, along with the Philadelphia Fed Manufacturing Index for July.

May business inventories, the July NAHB Housing Market Index, and the July NAR Pending Home Sales Index log at 10 am.

The weekly EIA natural gas bulletin posts at 10:30 am.

Federal Reserve Dallas President Lorie Logan, Kansas City President Jeffrey Schmid, and Vice Chair Philip Jefferson are slated to speak on Thursday.

In pre-market action, Bitcoin traded at $64,200, West Texas Intermediate crude oil traded evenly at $76.92, and 10-year US Treasuries offered 4.57%. Spot gold commanded $4,033 an ounce.