Asian shares were mixed on Thursday, as Wall Street’s big recent rally lost some momentum following a pair of potentially discouraging reports on the American economy.U.S. futures edged lower and oil prices declined.

Wall Street's big recent rally lost some momentum following a pair of potentially discouraging reports on the economy.

The S&P 500 was edging up by 0.1% in morning trading after it had rallied back within 2.8% of its all-time high the prior day.