Here are 10 things you should know for Thursday, Jan. 2:
1.-- U.S. stock futures were scheduled to begin trading at 6 a.m. EST on Thursday. Global stock markets were mixed Thursday amid weaker Chinese manufacturing data.
European stocks were trading higher. China's benchmark Shanghai Composite Index closed down by 0.3%. Japanese markets were closed for a holiday.
2.-- The economic calendar in the U.S. Thursday includes weekly initial jobless claims at 8:30 a.m. EST, construction spending for November at 10 a.m., and the ISM Index for December at 10 a.m.
3.-- U.S. stocks rose on Tuesday, the last day of 2013, a year in which the S&P 500 soared 29.6%, the most since 1997.
The S&P 500 closed up 0.4% to finish 1,848.36. The Dow Jones Industrial Average rose 0.44% to 16,576.66. The Nasdaq added 0.54% to 4,176.59. The Dow surged 28.1% and the Nasdaq jumped 41.1% in 2013.
The market was closed Wednesday for the New Year's Day holiday.
4.-- Fiat, the Italian automaker, reached a deal with the United Auto Workers union trust fund to buy the remaining shares of Chrysler for $3.65 billion.
Fiat already owns 58.5% of Chrysler's shares; the remaining 41.5% is held by the fund, which pays health care bills for retirees.
Fiat will make an initial payment of $1.9 billion to the fund, plus an additional $1.75 billion upon closing the deal, according to The Associated Press.
"The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization," Sergio Marchionne, CEO of both Fiat and Chrysler, said in a statement.
The deal, which is expected to close on or before Jan. 20, eliminates the need for an initial public offering of the union fund's stake.
5.-- Motorola Mobility, a unit of Google (GOOG), slashed the price of its flagship Moto X smartphone with 16 gigabytes of memory to a permanent $399 without a wireless contract for U.S. customers, from $550.