Stock futures down slightly after day of big gains

NEW YORK (AP) ? U.S. stock futures are retreating slightly after a day of heady gains.

Dow futures were down 0.2 percent at 12,310 while the broader Standard & Poor’s 500 futures fell 0.2 percent to 1,269. Futures for the Nasdaq composite are flat at 2,316.

Stock markets elsewhere fell slightly Wednesday after a buoyant start to the new year triggered by encouraging economic data from the U.S. and around the world. The Dow Jones industrial average closed Tuesday at a five-month high.

The U.S. economy is likely to remain the focal point up through Friday’s key jobs report for December, though worries over Europe’s debt crisis will likely keep a lid on any enthusiasm.

Economic reports due later Wednesday include U.S. factory orders for November. Automakers are set to release December sales figures.