Oct. 31 Premarket Briefing: 10 Things You Should Know

Tickers in this article: FB LCC MA RDS.A SNE XOM

NEW YORK ( TheStreet) -- Here are 10 things you should know for Thursday, Oct. 31:

1.-- U.S. stock futures were pointing to losses on Wall Street on Thursday as investors across the globe feared the Federal Reserve could start withdrawing its stimulus for the U.S. economy near the end of the year.

European stocks were trading lower. Asian shares ended Thursday's session with losses; Japan's Nikkei 225 index declined 1.2%.

2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, personal income and personal spending for September at 8:30 a.m., and Chicago PMI for October at 9:45 a.m.

3.-- U.S. stocks  on Wednesday fell after the Fed opted to maintain its current $85 billion bond-buying program and keep interest rates at current low levels, citing an elevated jobless rate and a slowdown in the housing market's recovery.

Markets declined on concerns the Fed may still pull back on its stimulus program in December, or early next year. In a policy statement, the central bank said that overall all "the downside risks to the outlook for the economy and the labor market" .... have "diminished," indicating that the worst of the 2009 recession, which prompted the stimulus program has passed.

The S&P 500  closed down 0.49% to 1,763.30. The Dow Jones Industrial Average fell 0.39% to 15,618.64, while the Nasdaq declined 0.55% to 3,930.62.
 
4.-- Facebook's earnings topped Wall Street expectations but the social networking giant noted teens are using the service less.

Chief Financial Officer David Ebersman said that teens are using the service the same, but daily users in the teen demographic slid from the second to the third quarter. Ebermsan noted there isn't an entirely accurate way to measure this but the company is working on internal metrics to ascertain what is happening.

Facebook reported third-quarter earnings of 25 cents a share on revenue of $2.02 billion. Mobile revenue surged to 49% of total advertising revenue, which was about $881 million. Analysts were looking for earnings of 19 cents a share on revenue of $1.91 billion.

5.-- Oil giant  Exxon Mobil is expected by analysts on Thursday to report third-quarter profit of $1.77 a share on revenue of $107.39 billion. Exxon is coming off its lowest profit in more than three years last quarter tripped up by weak growth in the U.S. and China and Europe's ongoing economic problems.

In the year-earlier quarter, Exxon, the largest oil and gas company in the U.S., earned $2.09 a share on revenue of $115.71 billion .

6.-- Europe's largest oil company,  Royal Dutch Shell , said third-quarter earnings declined because of a weaker refining market and higher exploration and production expenses.

Earnings on a current cost of supplies basis were $4.25 billion, down from $6.15 billion a year earlier.