US STOCKS-Futures climb after 2-day fall; initial claims on tap
* Initial jobless claims, factory orders data due
* AbbVie to buy Pharmacyclics for about $21 bln
* Costco climbs in premarket after results
* Futures up: Dow 30 pts, S&P 3.5 pts, Nasdaq 7.75 pts
By Chuck Mikolajczak
NEW YORK, March 5 (Reuters) - U.S. stock index futures edged up on Thursday, after two days of declines on the S&P 500, ahead of data on the labor market and factory orders.
* The benchmark S&P index has slowed after a 5-percent surge in February and a record on March 2 with its worst two-day performance since late January. The index has been down during four of the past six sessions as investors attempt to gauge the timing of an interest rate hike by the U.S. Federal Reserve.
* Weekly initial jobless claims data is due at 8:30 a.m. (1330 GMT). Expectations call for claims to dip to 295,000 from the 313,000 in the prior week. Investors will eye the data for signs of strength in the labor market ahead of Friday's monthly payrolls report.
* January factory orders data is scheduled for later in the session at 10:00 a.m. (1500 GMT). Expectations call for orders to rise 0.2 percent versus a 3.4 percent decline in December. Continuación...