Earnings from Macy’s and Kohl’s and weekly jobless claims data roll out ahead of Wall Street’s opening bell Thursday.
But the risk off mood set by oil and the continued reach for yield in the bond market could also be factors for stocks Thursday. There is a $15 billion 30-year bond auction at 1 p.m. EDT, which could be well received if it follows the pattern in Wednesday’s 10-year note auction.
Chinese online retailing giant Alibaba also reports earnings ahead of the bell, and its revenues are expected to jump nearly 50 percent from last year, and earnings should grow about 13 percent, according to Thomson Reuters.
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