Morning Briefing: 10 Things You Should Know
NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, May 9:
1. -- U.S. stock futures were indicating a flat open Thursday after a flurry of buying activity during the prior session brought investors in from the sidelines attracted by strong corporate earnings and continued accommodative monetary policies.
2. -- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and wholesale inventories at 10 a.m.
3. -- U.S. stocks on Wednesday finished higher as investors bought equities rather than be left out of a surging market.
The S&P 500 rose 0.41% to 1,632.69 while the Dow Jones Industrial Average added 0.32% to 15,105.12 after closing above 15,000 for the first time. The Nasdaq gained 0.49% to 3,413.27
4. -- JPMorgan Chase
The search for directors is wide ranging and could also include experts in audit or marketing or executives who have chief-executive-level experience, one of the people told the newspaper.
5. -- News Corp.
News Corp. reported on Wednesday adjusted earnings per share of 36 cents for the quarter ended in March, beating analysts' estimates of 35 cents a share. Sales increased 14% to $9.5 billion, also beating estimates of $9.2 billion.
6. -- Groupon
Groupon said revenue rose 8% to $601.4 million in the March-ended quarter from $559.3 million in the year-earlier period.
7. -- Facebook
Talks began six months ago. Due diligence is underway after a term sheet was signed, Calcalist reported.
8. -- Wall Street expects Priceline.com