Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, June 27:
1. -- U.S. stock futures were rising, suggesting Wall Street would book its third straight day of gains after growth in the U.S. was estimated to be weaker than expected, raising hopes that the Federal Reserve would delay plans to begin tapering its stimulus program.
European stocks were posting slight gains early Thursday. Asian shares rose. Japan's Nikkei 225 jumped 3% to close at 13,213.55.
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 May at 8:30 a.m., and pending home sales for May at 10 a.m.
3. -- U.S. stocks on Wednesday rose and bond yields tempered as a worse-than-expected GDP report bolstered prospects for the Fed to maintain its monetary stimulus program.
The S&P 500 jumped 1% to 1,603.26. The Dow Jones Industrial Average also added 1% to 14,910.14 while the Nasdaq gained 0.9% to 3,376.22.
4. -- Dish Network
5. -- Food maker ConAgra
6. -- Nike
7. -- Verizon
Verizon signed a nondisclosure agreement with Mobilicity, a small wireless carrier in Canada, in preparation for talks over a possible deal, The Wall Street Journal reported, citing a person familiar with the matter. The person told the newspaper that Verizon executives have told Mobilicity that any talks with the company would be contingent on separate discussions now under way about a possible acquisition by Verizon of Wind Mobile, another small carrier in Canada.
8. -- The bidding for a one-hour power lunch with Yahoo!
The bidding on Charitybuzz ends Thursday. Proceeds will benefit the Aspire East Palo Alto Charter School.