NEW YORK (
latest earnings report will be the main focus of Thursday's session as the company becomes the first of the tech bellwethers to offer fourth-quarter results.
When it reports after Thursday's closing bell,
is expected to notch a quarterly profit of 30 cents a share, which would be a sharp increase from year-ago earnings of 4 cents a share. Revenue should rise to $10.16 billion from $8.22 billion in the year-ago period.
Intel typically is among the first of the tech giants to report earnings each quarter. Intel's report is followed next week by earnings from
Advanced Micro Devices
, among others.
On the economic front, the Labor Department's weekly report on initial jobless claims will get some attention when it is released at 8:30 a.m. EST. First-time claims should increase slightly to 436,000 from 434,000 last week, while continuing claims should continue to slide below the 5 million mark. At the same time, the Labor Department will also post import and export price data for December.
Also at 8:30 a.m. EST, the government will release its own tally on retail sales for December. Economists polled by
expect a 0.5% rise in the government's numbers, which would be down from a 1.3% advance in November. Excluding autos, retails should climb 0.3%.
Later, at 10 a.m. EST, the November read on business inventories will be released, with economists expecting a 0.3% increase after a 0.2% rise in October. In addition, investors will be watching a $13 billion auction of 30-year Treasury bonds, with results expected in the afternoon.
-- Written by Robert Holmes in Boston
Follow Robert Holmes on
and become a fan of TheStreet.com on