* Investors concerned by report of Russian troop movements
* GDP revised higher in Q2, jobless claims fall
* Banks in focus after reports of cyber attacks
* Futures down: Dow 49 pts, S&P 6.25 pts, Nasdaq 11.75 pts
(Updates prices, adds economic data)
By Ryan Vlastelica
NEW YORK, Aug 28 U.S. stock index futures
pointed to a lower open on Thursday after Ukraine's president
said Russian forces had been brought into his country, bringing
concerns over the volatile region back into focus and
overshadowing some positive economic data.
* Worries over tension abroad had largely faded from Wall
Street, with major indexes seeing few negative days over the
past two weeks and both the Dow and S&P hitting records.
However, the market has been looking for direction, with daily
moves small and trading volume light.
* Ukraine's security and defense council said the border
town of Novoazovsk and other parts of Ukraine's south-east had
fallen under the control of Russian forces who, together with
rebels, were staging a counter-offensive. Ukrainian President
Petro Poroshenko called an urgent meeting of the security and
defense council to decide the next steps to take in the crisis.
* While few U.S. companies have heavy exposure to either
country, investors are worried about the potential fallout from
any escalation in tensions, including increased sanctions. An
index of major shares in Europe, which has much more exposure,
fell 0.7 percent. If European growth is depressed by
the conflict, that could have an indirect impact on the United
* Russia's dollar-denominated RTS index slumped 3.4
percent. The Market Vectors Russia Exchange-Traded Fund
fell 3.1 percent to $24.35 in premarket trading.
* S&P 500 e-mini futures fell 6.25 points and were
below fair value, a formula that evaluates pricing by taking
into account interest rates, dividends and time to expiration on
the contract. Dow Jones industrial average e-mini futures
fell 49 points and Nasdaq 100 e-mini futures lost
* S&P 500 futures are indicating a drop of 0.3 percent,
which would represent the biggest one-day decline for the
benchmark index since Aug. 7. The index has risen for 11 of the
past 14 sessions, and has closed above 2,000 for the past two
* The U.S. economy rebounded more strongly than initially
thought in the second quarter, growing by 4.2 percent, the
fastest pace of growth since the third quarter of 2013.
Separately, jobless claims fell for a second straight week, the
latest sign of improving labor market conditions.
* Bank stocks may be in focus after the Federal Bureau of
Investigation said it was investigating media reports that
several U.S. financial firms have been victims of recent cyber
attacks. JPMorgan Chase & Co said it was investigating a
possible attack; shares fell 0.6 percent to $59.23 before the
* Williams-Sonoma Inc shares tumbled in premarket
trading a day after it reported its second-quarter results and
giving an outlook.
* Pending home sales data will be released at 10 a.m. (1400
GMT), with sales forecast to be up 0.5 percent.
(Editing by Chizu Nomiyama)