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Nov. 7 Premarket Briefing: 10 Things You Should Know

Stocks in this article: DISPCLNJPM

NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Nov. 7:

1.-- U.S. stock futures were pointing to a weaker start for Wall Street on Thursday ahead of U.S. growth figures and policy decisions from the European Central Bank and Bank of England.

European stocks were trading mixed early Thursday. Asian shares ended the session with losses. Japan's Nikkei 225 declined 0.8%.

2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, the advanced report for third-quarter gross domestic product at 8:30 a.m., and consumer credit for September at 3 p.m.

3.--U.S. stocks on Wednesday rose amid expectations that economic growth data and a crucial jobs reports due Friday will bolster Federal Reserve plans to sustain current levels of stimulus. 

The S&P 500 rose 0.43% to close 1,770.49 while the Dow Jones Industrial Average reached a new record high after rising 0.82% to finish the trading day at 15,746.88. The Nasdaq, meanwhile, slipped 0.2% to 3,931.95.

4.--  Twitter will begin  trading Thursday on the New York Stock Exchange after its initial public offering was priced $26 a share.

The San Francisco-based company sold $1.82 billion in shares, or just more than 12% of its outstanding stock, in an offering that gives the micro-blogging site a valuation of roughly $14.2 billion.

Twitter will trade under symbol 'TWTR.'

5.-- Media and entertainment giant Walt Disney (DIS) is expected by analysts on Thursday to report fiscal fourth-quarter earnings of 76 cents a share on revenue of $11.4 billion.

The company previously said the poor box office showing of "The Lone Ranger" would cause a write-down of $160 million to $190 million in the quarter.

Disney earned 68 cents a share in the year-earlier period on revenue of $10.78 billion.

6.-- New York Police Department Commissioner Ray Kelly is in the running for a top security job at JPMorgan Chase (JPM), sources at the bank told The New York Post.

The bank's senior security officer, Thomas Higgins, left about a month ago and hasn't been replaced.

JPMorgan officials refused to comment on the Post report.

7.-- Groupon (GRPN), the daily deals site, is predicted by Wall Street to post a profit of 1 cent a share in the third quarter on sales of $615.7 million.

8.-- Square, the mobile-payments startup founded by Twitter co-founder Jack Dorsey, is in early-stage discussions with Goldman Sachs and Morgan Stanley about a possible IPO, a person familiar with the matter told The Wall Street Journal.

Square's sales are approaching $1 billion in 2014, according to an internal projection people familiar with the matter shared with the Journal.

9.-- Priceline  (PCLN), the online travel company, is forecast by Wall Street to report third-quarter earnings on Thursday of $16.15 a share on revenue of $2.22 billion.

10.-- Wall Street bonuses in 2013 may rise 5% to 10%, on average, from last year, according to a report from Johnson Associates.

Top executives of Wall Street firms will see bonuses rise by as much as 5%, Johnson Associates said and Reuters reported, as the recovery from the financial crisis continues.

-- Written by Joseph Woelfel

To contact the writer of this article, click here:Joseph Woelfel

To submit a news tip, send an email to:tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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