US STOCKS-Futures dip after new Russia sanctions
* Initial claims, housing starts data due
* Morgan Stanley climbs in premarket after earnings
* Futures off: Dow 56 pts, S&P 11.25 pts, Nasdaq 25.25 pts
By Chuck Mikolajczak
NEW YORK, July 17 (Reuters) - U.S. stock index futures were lower on Thursday, in the wake of new U.S. and European Union sanctions on Russia and ahead of data on the labor and housing markets.
* The U.S. sanctions announced late Wednesday hit some of Russia's biggest firms while the EU sanctions were aimed at Russian companies that help destabilize Ukraine and will block new loans to Russia through two multilateral lenders. Russia's MICEX index lost 2.9 percent.
* Data at 8:30 a.m. EDT (1230 GMT) includes weekly initial jobless claims and housing starts for June. The Philadelphia Fed manufacturing survey is due later in the session at 10:00 a.m. (1400 GMT).
* As earnings season continues to roll along, Morgan Stanley shares advanced 0.8 percent to $32.76 in premarket trading after posting second-quarter results.
* Sandisk Corp shares slumped 7.5 percent to $99.70 before the opening bell after the company reported second-quarter profit and revenue that barely beat analysts' expectations and gave a third-quarter revenue forecast that was below Wall Street's estimate. Continuación...