Oct. 24 Premarket Briefing: 10 Things You Should Know

NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Oct. 24:

1.-- U.S. stock futures were rising Thursday following a report that said manufacturing in China rose to a seven-month high in October.

European stocks were trading higher. Asian shares ended Thursday's session mostly lower but Japan's Nikkei 225 index bucked the trend and rose 0.4%.

2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, the trade balance for August at 8:30 a.m., and new-home sales for September at 10 a.m.

3.--U.S. stocks closed lower Wednesday as Caterpillar (CAT), the construction and mining equipment leader, posted earnings that fell short of expectations and China, the world's second-largest economy, revealed a spate of bad business loans.

The S&P 500 declined 0.47% to close at 1,746.38 while the Dow Jones Industrial Average dropped 0.35% to finish at 15,413.33. The Nasdaq decreased 0.57% to 3,907.07.

4.-- Amazon.com ( AMZN), the world's largest online retailer,  is expected by analysts after Thursday's closing bell to report a third-quarter loss of 9 cents a share on revenue of $16.76 billion.

Amazon posted a year-earlier loss of $274 million, or 60 cents a share, which included a loss of 37 cents related to its investment in LivingSocial. 

5.-- AT&T's (T) third-quarter earnings topped Wall Street earnings estimates, aided by the strength in smartphone sales.

AT&T earned 66 cents a share on revenue of $32.16 billion, excluding gains from spectrum sales. Analysts were expecting profit of 65 cents a share on sales of $32.19 billion.

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