Thursday:

• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 215 thousand initial claims, down from 230 thousand last week.



• At 8:30 AM, Trade Balance report for March from the Census Bureau. The consensus is the trade deficit to be $50.1 billion. The U.S. trade deficit was at $49.4 Billion in February.



• At 8:30 AM, The Producer Price Index for April from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.2% increase in core PPI.