This Is What You Need to Watch Thursday

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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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.