U.S. stock index futures declined ahead of the release of new economic data.

Investors are looking for more clarity on the state of the U.S. economy amid concerns of a steep downturn triggered by rapid rate hikes by the Federal Reserve.

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The Dow e-minis were down 0.14%, S&P 500 e-minis were down 0.21%, and Nasdaq 100 e-minis were down 0.23%.

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Weak job openings and factory orders data earlier in the week, as well as soft manufacturing activity data, have sparked fresh concerns about the economic outlook.

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The ADP National Employment report, S&P Global Composite and Services PMI, and the Institute for Supply Management's (ISM) non-manufacturing PMI for March are all being closely watched by investors.

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Expectations of the Fed pausing its aggressive monetary tightening have resurfaced.

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Oil prices following the OPEC+ group's output cuts have worsened the outlook for inflation, adding to investors' anxiety.

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Major technology and other growth stocks such as Microsoft Corp, Apple Inc, and Tesla Inc fell in premarket trading.

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Nvidia Corp fell after Google announced that its supercomputer-trained AI models were better than the chipmaker's comparable systems.

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