U.S. stocks closed lower on Wednesday with the Nasdaq Composite dropping more than 200 points amid a decline in Apple Inc. (NASDAQ:AMZN) shares.
Let’s have a look at the major economic events scheduled for today.
- Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to come in at 220,000 for the September 17 week compared to 213,000 in the previous week.
- The current account report for the second quarter is scheduled for release at 8:30 a.m. ET. After a $291.4 billion deficit for the first quarter, analysts expect a deficit of $259.5 billion for the second quarter.
- The index of leading economic indicators for August will be released at 10:00 a.m. ET. Following a 0.4% decline in July, analysts expect leading indicators stabilizing at no change during August.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
- The Kansas City Fed manufacturing index for September will be released at 11:00 a.m. ET. Analysts expect the Kansas City manufacturing index declining slightly to plus 2 in September after slowing by 10 points to a reading of plus 3 in August.
- The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
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