NEW YORK (TheStreet) -- For Thursday, TheStreet awaits the kickoff of the Federal Reserve's annual retreat in Jackson Hole, Wyo.
While Fed Chair Janet Yellen is not expected to attend, we'll be on the lookout for any clues about a potential interest-rate hike before the end of the year. New York Federal Reserve President William Dudley on Wednesday said that a decision to raise interest rates is "less compelling" in light of the instability in China.
On the economic calendar, at 8:30 a.m., the report on the nation's gross domestic product for the second quarter will be released. Second-quarter GDP is expected to be over 3.2%, up from the original estimate of 2.3%. That is likely due to an increase in retail sales and business inventories for June.
Also at 8:30 a.m., the jobless-claims report is expected to be lower showing an improving labor market. At 10 a.m. the pending homes sales index, with an estimated 1% increase for July, could show more positive news for the housing market.
Beauty retailer Ulta Salon, Cosmetics & Fragrance (ULTA) - Get Ulta Beauty Inc Report will release its second-quarter earnings report on Thursday after the bell. The Bolingbrook, Ill.-based company is projected to report earnings of $1.12 a share on revenue of nearly $870 million, up from the 94 cents a share reported for the same quarter last year.
The Street's Jim Cramer said this company is special. "It has the highest comparable sales store of any numbers that I saw," he said. "It other words, Ulta is the fastest growing."
Before the bell, earnings for Burlington Stores (BURL) - Get Burlington Stores, Inc. Report, Dollar General (DG) - Get Dollar General Corporation Report and Tiffany (TIF) - Get Tiffany & Co. Report will be released.
Dollar General is expected to report earnings of 94 cents a share on sales of $5.14 billion, and Tiffany is expected to report EPS of 90 cents, down from the 96 cents reported for the same quarter last year.