Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, March 14:
1. -- U.S. stock futures were higher Thursday, suggesting the Dow Jones Industrial Average has a chance to rise for the 10th straight day.
European stocks rose in early trading while Asian shares posted gains. Japan's Nikkei 225 index rose 1.2% to finish at 12,381.19, its highest close in more than four years.
2. -- The economic calendar in the U.S. Thursday includes weekly jobless claims and the Producer Price Index for February. Both reports from the Labor Department are scheduled to be issued at 8:30 a.m. EDT.
3. -- U.S. stocks on Wednesday finished with gains as higher-than-expected retail sales boosted the outlook for the world's largest economy.
The Dow added 5.22 points, or 0.4%, at 14,455.28, to finish in positive territory for the ninth consecutive trading day, its longest winning streak in 16 years.
The S&P 500 closed up 0.13% to 1,554.52 while the Nasdaq was higher by 0.09% to 3,245.12.
4. -- Samsung Electronics will unveil the Galaxy S IV phone at an event at New York's Radio City Music Hall on Thursday evening.
Apple's(AAPL) marketing chief, Phil Schiller, blasted the new phone in an interview with Reuters on Wednesday, saying that Samsung's new phone may debut with a year-old operating system that will need updating.
Samsung is Apple's chief competitor.
Men's Wearhouse hired Jefferies & Co. to evaluate strategic alternatives for K&G.
6. -- Aeropostale(ARO) is forecast by Wall Street on Thursday to post earnings of 22 cents a share in the fourth quarter on sales of $775.7 million
7. -- Doughnut shop Krispy Kreme(KKD) is expected by analysts to report fourth-quarter earnings of 12 cents a share on revenue of $115.9 million.
8. -- Molycorp(MCP) , the rare-earth minerals company, is seen posting a quarterly loss of 31 cents a share on revenue of $166 million.
9. -- E-Trade Financial(ETFC) said Wednesday that its biggest shareholder, Citadel Equity Fund Ltd., plans to sell its entire position of 27.4 million shares in the company.
10. -- Cardinal Jorge Mario Bergoglio of Argentina was elected pope on Wednesday.
Bergoglio, 76, will take the papal name Francis I. Born in Buenos Aires. He is the first Latin American pope.
-- Written by Joseph Woelfel
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