NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Oct. 30:
1. -- U.S. stock futures rose slightly following the Federal Reserve's announcement on Wednesday that it will end its massive stimulus program.
European stocks were falling while Asian shares ended Thursday's session mixed.
2. -- The economic calendar in the U.S. on Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, and the initial reading on third-quarter GDP at 8:30 a.m.
The Federal Reserve confirmed it is ending its monthly bond buying program, which caused the central bank's balance sheet to swell to $4.48 trillion, and it provided a slightly stronger-than-expected outlook on the U.S. labor market and economy.
Stocks erased most of their afternoon losses in late trading with the S&P 500 ending down just 0.14% to 1,982.30, while Nasdaq fell 0.33% on the day. The Dow Jones Industrial Average fell 0.22%.
4. -- Royal Dutch Shell (RDS.A) said Thursday that third-quarter profit fell 4.5% to $4.46 billion but rose 24% to $5.27 billion when stripping out the impact of fluctuations in the price of oil.
"The recent decline in oil prices is part of the volatility in our industry," said CEO Ben van Beurden in a statement. He said Shell is trying to "get a tighter grip on performance management, keep a tight hold on costs and spending, and improve the balance between growth and returns."
Europe's largest oil company named former DuPont CEO Charles Holliday as chairman, effective in 2015.
6. -- Apple (AAPL) - Get Report is in contact with Iranian distributors about possibly entering the country should Western sanctions ease sufficiently, people familiar with the matter told The Wall Street Journal.
Senior Apple executives have met potential Iranian distributors at Apple's regional headquarters on London's Hanover Street, the people said.
Apple explored having Iranian partners sell Apple products at so-called premium resellers, some of the people told the Journal. Instead of company-operated Apple stores, such outlets would be midsize franchisees that sell Apple products only, a model the company has used in Europe and Asia, the people said.
The company reported adjusted earnings of $2.18 a share, topping expectations of $2.10 a share.
Visa also announced a $5 billion share buyback program
9 -- Analysts expect LinkedIn (LNKD) , the social media site for business, to report third-quarter profit of 47 cents a share on revenue of $557.6 million.
10. -- The San Francisco Giants held off the Kansas City Royals 3-2 on Wednesday night in Game 7 of the World Series for their third championship in five seasons.
-- Written by Joseph Woelfel
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