NEW YORK (TheStreet) -- Here are 10 things you should know for Thursday, Oct. 31:
1.-- U.S. stock futures were pointing to losses on Wall Street on Thursday as investors across the globe feared the Federal Reserve could start withdrawing its stimulus for the U.S. economy near the end of the year.
European stocks were trading lower. Asian shares ended Thursday's session with losses; Japan's Nikkei 225 index declined 1.2%.
2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EDT, personal income and personal spending for September at 8:30 a.m., and Chicago PMI for October at 9:45 a.m.
3.-- U.S. stocks on Wednesday fell after the Fed opted to maintain its current $85 billion bond-buying program and keep interest rates at current low levels, citing an elevated jobless rate and a slowdown in the housing market's recovery.
Markets declined on concerns the Fed may still pull back on its stimulus program in December, or early next year. In a policy statement, the central bank said that overall all "the downside risks to the outlook for the economy and the labor market" .... have "diminished," indicating that the worst of the 2009 recession, which prompted the stimulus program has passed.
Chief Financial Officer David Ebersman said that teens are using the service the same, but daily users in the teen demographic slid from the second to the third quarter. Ebermsan noted there isn't an entirely accurate way to measure this but the company is working on internal metrics to ascertain what is happening.
Facebook reported third-quarter earnings of 25 cents a share on revenue of $2.02 billion. Mobile revenue surged to 49% of total advertising revenue, which was about $881 million. Analysts were looking for earnings of 19 cents a share on revenue of $1.91 billion.